Procurement ICE
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School
Durham College *
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Course
2206
Subject
Information Systems
Date
Feb 20, 2024
Type
docx
Pages
1
Uploaded by DoctorIce17537
Group Members:
-
Manjeet Singh (100902733)
-
Kush Patel (100895818)
-
Roshan Athalye (100898286)
-
Parth Bhikadiya (100900606)
A.1
Brennan Bank relies on check printing to support their promotional efforts to obtain consumer deposits. Despite the growing popularity of Internet banking, the printing and distribution of regular customized client checks cost the bank $10 million the previous year. Check printing, as a result, is critical for customer retention and deposit generation.
A.2
A check printing cost study would include estimating the direct and indirect costs of printing
and mailing checks. Paper, ink, printing equipment, labor, shipping, storage, quality control, and overhead are all included. It should also provide security features to prevent fraud. In addition, the inquiry will compare the pricing of various supplier proposals.
A.3
Brennan Bank should consider factors such as the supplier's ability to deliver high-quality checks, reliability in meeting delivery deadlines, cost-effectiveness compared to competitors, the presence of security features to prevent fraud, responsiveness and customer service, and feedback from references or other clients who have used the supplier's services when evaluating a check printing supplier.
A.4
The bank has previously divided check printing and shipping equitably between two vendors
in this instance. Having several suppliers can provide benefits such as affordable prices and risk reduction in the case that one of the sources creates issues. However, the optimum number of vendors would be established by the bank's unique requirements and risk tolerance.
A.5
Rachel Bonnell has a few options:
- Accept Jolon's proposal if it fits the bank's price, quality, and service requirements.
- Obtain other quotes from various vendors to compare Jolon's offer.
- If Jolon's proposal comes close to meeting the bank's requirements, collaborate with them to change the terms or pricing.
- Consider extending your vendor network to reduce risk and compare costs.
A.6
A thorough analysis of Jolon's proposal and how well it works the bank's requirements, which include quality, cost-efficiency, and risk management, would be employed for the choice. Accepting Jolon's proposal may be an achievable choice if it is competitive and fits the bank's terms. However, if there are concerns or if Jolon's proposal falls short in some areas, more study,
such as requesting more bids or negotiating, may be necessary to make an educated choice that best serves the bank's interests. Rachel ought to investigate the hazards of Jolon's uninvited offer and how it seeks to obtain client information to advertise other products.
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