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Memo

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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.
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.

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Memorandum
To: Ralph King
From: Chardrick Powell
Date: June, 5 2016
Subject: Vendor Selection Criteria
The purpose of this memorandum is to establish recommended selection criteria for vendors.
As you know, we as a company operates at the highest level of quality at the lowest cost. Which is
why we need the vendors that support us to operate at a certain level of quality and to offer the best
price. When selecting vendors at all levels and operations, the following is recommended to take into
consideration:
Amount of time in business should be at least 5 years
The company should be an established company and able to provide the services we
need reliably.
The supply of product should be readily available
We need our products and services on a regular basis. A vendor that has supply issues
will affect our ability to supply our own customers. This is an important factor when
selecting a vendor (Bucki, 2016).
The vendor should be flexible
We are very flexible with our customers and we need our vendors to be the same for
us. There should be minimal to no penalty for changing orders. We want to keep the
financial impacts down to a minimal when selecting vendors
Price
There should be a discount program in place. Also there should be the ability to
negotiate prices based on quantity. Also they should have the ability to price match.
This is to give our customer the best price and maximize our profits. “Your goal
should always be to get the maximum value for the lowest possible cost. To
accomplish that, you need to receive more than one bid” (Lotich, 2013).

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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. • 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. Memorandum To: From: Date: Subject: Ralph King Chardrick Powell June, 5 2016 Vendor Selection Criteria The purpose of this memorandum is to establish recommended selection criteria for vendors. As you know, we as a company operates at the highest level of quality at the lowest cost. Which is why we need the vendors that support us to operate at a certain level of quality and to offer the best price. When selecting vendors at all levels and operations, the following is reco ...
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