Answer the question in own language . Use the case study please and apply your understanding to answer the question . NO SHORT ANSWER NEEDED

Based on the case study i have provided please answer the following question in own language taking the points from case study and your understanding

Question -

• Discuss the different criteria (strategic, traditional and additional current) for deciding the lime supply presented by the guest speaker in the case study ?

CASE STUDY -

Case Study Lime Supply to Newfoundland > Lime Supply to a facility in NL Mining company with mature Procurement practices 'r 'reorly consumption: 55.000MT 'r Two vendors currently supplying. with challenges for both to overcome: 'r Yearly Spend approximately CAD 16MM 'r Drivers: adherence to specs, assurance of supply. process optimization. savings Original Scenario - 50/50 split > Vendor A - lime supplied in bags, from a plant in Turkey, prices in USD Challenges: HSE, logistic costs Jo > Vendor B - lime supplied in containers, from a plant in NB, prices in CAD Challenges: price, operational aspects ooRFP Rationale hi Venom 15 > Carry out two separate RFPs for MATERIAL and LOGISTICS > Ask MATERIAL vendors to provide pricing "DDP Port in NL", in 1.6MT, single loop BAGS. Evaluation criteria: . Price . Ability to meet specs and consumption > LOGISTICS vendors would collect lime at the port, send it to a facility, store it and truck it daily to the plant. Evaluation criteria: . Price . Capabilities - based on feedback from other customers on the island. 2022-12-05 09:06:31Results and Way Forward > Proposed award scenarios: . Material 70/30 split between vendors A and B . Logistics: one vendor selected > Savings achieved were of 19% compared to original scenario - from 16MM to 13MM > Risks mitigated: Reliance on one supplier; quality issues: potential disruption; currency fluctuation; geopolitical changes, price increases > Management of change: company now responsible to track inventory and place POs; moreew stakeholders; savings were contingent on split being respected. Bottom line: KNOWLEDGE OF YOUR SUPPLIERS, PRODUCTS, INTERNAL STAKEHOLDERS, LOCATION WILL YIELD BETTER RESULTS 2022-12-05 09:080