Explain why a selection criteria is needed, business and finance homework help

Anonymous
timer Asked: Jul 4th, 2017
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Question Description

Prompt:

Your CEO wants to develop specific criteria to select vendors for office supplies, equipment, etc. and has asked you to investigate selection criteria. In a two page business memo:

  • Explain why a selection criteria is needed
  • Recommend specific criteria (no less than 5 elements)
  • Explain why each element in the list is needed
  • To strengthen your recommendation, include an example of a company and its criteria.

Instructions

  • Use the attached memo template.
  • Support your memo with 2 to 3 credible references beyond the course materials. Please note Wikipedia, Investopedia and similar websites are not credible academic references. The best place to locate credible references is the Online Library.

Unformatted Attachment Preview

Memorandum To: From: Date: Subject: Use your instructor’s name Student’s Name Vendor Selection Criteria Hit the tab key one time to begin the main body of the paper. The paragraphs of the main document are indented. The computer will wrap your text for you based upon the margin settings established by this document template. It is not necessary for you to hit the Enter or return key at the end of a line of text. Only hit the enter key (one time) when you reach the end of a paragraph. ...
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Tutor Answer

agneta
School: UIUC

Attached.

Running head: BUSINESS MEMO

1

Business Memo
Institution Affiliation
Date

BUSINESS MEMO

2
MEMO

To: Instructor’s Name
From: Student’s Name
Date:
Subject: Vendor Selection Criteria
It has come to our attention that the procurement department is having a lot of trouble in
procuring various office supplies for the simple reason that very many vendors have been
contracted to provide this equipment. This is why we are embarking on a criterion to select
vendors for office supplies. This will make it very simple for our company to obtain various
supplies and at the same time, it will ensure that inconveniences brought about by having several
vendors are eliminated.
Reasons for a Selection Criterion
There are various reasons why a selection criterion is needed. One of these reasons is that
a selection criterion will ensure that only competent and efficient vendors are contracted to
supply office supplies (Nosal, Lillios, and Madamba, 2014). At the same time, a selection
criterion will e...

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Anonymous
Thanks, good work

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