ANSWER-Once specification has been developed, the procurement
professional is aware of what is required, why and when. The options to
consider include the budget available to spend on the procurement, the
number of suppliers available and whether to make or buy
To fully understand the market pricing, procurement professionals should
research the level of competition. The .... .... ... model is an established way
of assessing the competition - ANSWER-Porter's Five Forces
Porter's Five Forces Model - ANSWER-- Threat of new entrants
- Threat of substitutes
- Bargaining power of buyers
- Bargaining power of suppliers
- Rivalry among existing Competitors
The four quadrants of Carter's Outsource Matrix - ANSWER-- Strategic
Alliance
The benefits of buying summaries with Stuvia:
Guaranteed quality through customer reviews
Stuvia customers have reviewed more than 700,000 summaries. This how you know that you are buying the best documents.
Quick and easy check-out
You can quickly pay through credit card for the summaries. There is no membership needed.
Focus on what matters
Your fellow students write the study notes themselves, which is why the documents are always reliable and up-to-date. This ensures you quickly get to the core!
Frequently asked questions
What do I get when I buy this document?
You get a PDF, available immediately after your purchase. The purchased document is accessible anytime, anywhere and indefinitely through your profile.
Satisfaction guarantee: how does it work?
Our satisfaction guarantee ensures that you always find a study document that suits you well. You fill out a form, and our customer service team takes care of the rest.
Who am I buying these notes from?
Stuvia is a marketplace, so you are not buying this document from us, but from seller NursingTutor1. Stuvia facilitates payment to the seller.
Will I be stuck with a subscription?
No, you only buy these notes for £13.07. You're not tied to anything after your purchase.
