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Kloppenborg et al. (2018:435) lists the following approaches and analysis that can be used to generate a list of potential suppliers that will be engaged

Kloppenborg et al. (2018:435) lists the following approaches and analysis that can be used to generate a list of potential suppliers that will be engaged for procurement purposes:

  • Supplier surveys that provide sufficient knowledge of the supplier to make a decision to include or exclude the firm from further consideration.
  • Financial condition analysis that reveals whether a supplier is clearly incapable of performing satisfactorily.
  • Third-party evaluators such as Dun and Bradstreet that can be hired for obtaining relevant information.
  • Facility visits to allow the project team to obtain first-hand information concerning the adequacy of the firm's technological capabilities, manufacturing or distribution capabilities, and managerial orientation.
  • Quality ability analysis that examines the potential supplier's quality capability.
  • Delivery ability analysis that estimates the supplier's capability to deliver the required product or services on time; backup solutions can also be considered.

Kindly assist in providing information on how each of the above approaches works.

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