How does the buyer assess the brand and reputation in sourcing process?
Procurement professionals are usually required to set up a cluster of criteria in supplier selection and supplier appraisal. The more comprehensive those criteria are, the more added value the buyers may bring to buying organisations. Besides the five rights as well as the total cost of ownership that purchaser need to consider, CIPS mentions some non-monetary factors which can add more value to the buying organisation. In this blog post, we clarify two factors: Brand & Reputation and explain how…