Revision Day 2 - Interests of Suppliers procurement has to consider

Question 1

Explain the interests of suppliers that procurement need to consider.

Answer 1

Sustainability
Getting paid
Meeting specifications
Continued supply.

Question 2

How do the suppliers interests be included in a contract?

Answer 2

Payment Terms
Payment Schedule
Kraljic Matrix
Mendelow
Five Rights

Question 3

Explain interests of finance/banks procurement need to consider?

Answer 3

Profit/Return on Interest
Loans
Market Share
Ethics, Social Governance

Question 4

How do interests for suppliers get taken in account?

Answer 4

Dunn & Bradstreet
Policies and Procedures
Loan - CIP Procurement Cycle step 2-3

Question 5

What does STEEPLE stand for?

Answer 5

STEEPLE stands for social, technological, economic, environmental, political, legal, and ethical.