4. You are in charge of analyzing five new suppliers of an important raw material and have been given the information shown below (1 = worst, 10 = best). Management has decided that criteria 2 and 3...


4. You are in charge of analyzing five new suppliers of an important raw material and have been<br>given the information shown below (1 = worst, 10 = best). Management has decided that<br>criteria 2 and 3 are equally important and that criteria 1 and 4 are each four times as important<br>as criterion 2. No more than two new suppliers are required but each new vendor must exceed<br>a total score of 70 percent of the maximum total points to be considered.<br>RATING<br>Vendor<br>Vendor<br>Vendor<br>Vendor<br>Performance criterion<br>Vendor A<br>D<br>Quality of raw material<br>Environmental impact<br>Responsiveness to order changes<br>8<br>7<br>3<br>9.<br>3<br>8<br>4<br>7<br>7<br>5<br>7<br>6<br>Cost of raw material<br>7<br>7<br>a. Which new vendors do you recommend?<br>b. Would your decision change if the criteria were considered equally important?<br>5. Janice Gould of Krebs Consulting is in the process of making a recommendation to a client<br>regarding the corporate-wide purchase of an analytical software platform. She has made the<br>following estimates on management's most important performance criteria and has rated<br>three Software packages across these criteria.<br>RATING<br>Factor<br>Vendor Vendor Vendor<br>Performance criterion<br>Functionality<br>weight<br>A<br>B<br>25<br>9<br>8<br>Vendor reliability<br>10<br>7<br>5<br>9.<br>Compatibility with current systems<br>Maintenance & support<br>20<br>6<br>8<br>10<br>5<br>8<br>Total cost<br>25<br>8.<br>Speed of implementation<br>10<br>8<br>4<br>7<br>a. Which software platform would you recommend?<br>b. Assume that the client changes their mind and now argues that the maintenance and<br>support criterion is already accounted for by the total cost criterion. Further, the client asks<br>Ms. Gould to drop maintenance and support and add its factor weight to total cost. Will<br>this client request alter the recommendation?<br>

Extracted text: 4. You are in charge of analyzing five new suppliers of an important raw material and have been given the information shown below (1 = worst, 10 = best). Management has decided that criteria 2 and 3 are equally important and that criteria 1 and 4 are each four times as important as criterion 2. No more than two new suppliers are required but each new vendor must exceed a total score of 70 percent of the maximum total points to be considered. RATING Vendor Vendor Vendor Vendor Performance criterion Vendor A D Quality of raw material Environmental impact Responsiveness to order changes 8 7 3 9. 3 8 4 7 7 5 7 6 Cost of raw material 7 7 a. Which new vendors do you recommend? b. Would your decision change if the criteria were considered equally important? 5. Janice Gould of Krebs Consulting is in the process of making a recommendation to a client regarding the corporate-wide purchase of an analytical software platform. She has made the following estimates on management's most important performance criteria and has rated three Software packages across these criteria. RATING Factor Vendor Vendor Vendor Performance criterion Functionality weight A B 25 9 8 Vendor reliability 10 7 5 9. Compatibility with current systems Maintenance & support 20 6 8 10 5 8 Total cost 25 8. Speed of implementation 10 8 4 7 a. Which software platform would you recommend? b. Assume that the client changes their mind and now argues that the maintenance and support criterion is already accounted for by the total cost criterion. Further, the client asks Ms. Gould to drop maintenance and support and add its factor weight to total cost. Will this client request alter the recommendation?
Jun 11, 2022
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