What is the competitive bidding process

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1. Which mode of transportation would you use for the following products? Why?

- a. Steel.

- b. Oil from Alaska.

- c. Roses from Texas bound for New York.

- d. Cancelled checks moving from Hartford to Chicago.

e. A contract that must be signed within 24 hours

2. What is the difference between the centroid method vs. the factor rating method of facility location?

3. Why do we refer to sourcing as a strategic tool?

4. What is TCO (Total Cost of Ownership )? How is it used in a sourcing decision?

5. What is the competitive bidding process? Why is it used? What tools are used in evaluating suppliers?

Reference no: EM132677494

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