In: Economics
d) As the procurement officer for NOPT, describe how the evaluation process would be done with particular reference to any five (5) factors that would be appropriate to consider as evaluation criteria.
under purchasing and supply chain management
Five factors that would be appropriate to consider as evaluation criteria Under Purchasing and supply chain management are -
1>Output or Production capacity
2>Quality
3>Performance
4>Risk
5>Environmental Impact
1>Output or Production capacity
Procurement officer will appraise the supplier in terms of the level of output or production it can generate , to know the limitations of the supplier and how much production can be done . Supplier which cannot cope with your scale of production will be out of the picture and will not result well for the supplier in getting the order,
2>Quality
In this procurement officer will check if theirs any quality certification held by the supplier which can be in favour of the supplier as it means that the supplier do produce quality products. Certification can be of these types ISO BS/EN ISO 9001:2000 certification .
3>Performance
Here the procurement officer will ask many question to the supplier to know if they can handle simple or typical functions.
4>Risk
It exist, even when precaution are taken ,so to minimize it . The procurement officer will be reviewing performance metrics of the supplier such as overall delays,time taken to respond(average response time), and corrective actions can help the procurement officer to develop a reliable quantitative assessment of the risks which can occur by the supplier.
5>Environmental Impact
Procurement officer will into the waste management of the supplier and what waste reduction practices are being put to use by the supplier and how efficiently the raw materials are being procured. Sustainability plays a vital role in deciding the success of the business