Purchasing Consideration Checklist

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Arkansas State University, Main Campus *

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Course

735

Subject

Business

Date

Nov 24, 2024

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pdf

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2

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1 © 2021 Cornell University Purchasing Considerations The Hotel School, Cornell SC Johnson College of Business TOOL Checklist to Identify Who or What Influences Specifications Overview There are four major considerations to help determine who or what influences your product or service specifications. First, however, consider your organizational objectives, understand your firm’s strategies, and be aware of its tactical capabilities and limitations. Then, use this checklist to ensure that you have considered all possible influences upon your product or service specifications. Design Marketing What are the functional design considerations? How will your customers use the product or service? What do you want the product or service to do? What are your customers looking for? What do you want the product or service to be? Are there any aesthetic design requirements? What are the different marketing considerations? Does the product or service fulfill a customer need or a want? Does the product or service have a unique value proposition in which your customers are interested? Manufacturing Does the product integrate into your manufacturing process in an efficient, streamlined manner?
2 © 2021 Cornell University Purchasing Considerations The Hotel School, Cornell SC Johnson College of Business Procurement What are the procurement considerations for the product or service? Is the product or service readily available? Do you have suppliers that possess the necessary capabilities? What are the cost scenarios related to this product or service? Is the product or service a commodity?
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