(a) Evaluate the criteria that Khind Holdings could use to assess potential suppliers in its global sourcing efforts.

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
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(a) Evaluate the criteria that Khind Holdings could use to assess potential suppliers
in its global sourcing efforts.

 

Read the article below and answer the following questions:
KHIND Holdings Berhad
Khind Holdings Berhad is a producer and marketer of home consumer electrical
appliances and industrial electrical company established in Malaysia in 1961. The
company has recently celebrated its 60-year anniversary. KHIND has steadily grown
in solidity over the years, evolving from a small homegrown setup to a global
enterprise. Today, KHIND has become a successful Malaysian brand well-known in
the international scene with presence in over 58 countries around the globe.
In order to maintain competitiveness in the market, the company ensures orders are
fulfilled within the stipulated timeframe, or earlier if possible. The quick turnaround
time arises from expectations by customers and consumers who are accustomed
with increasingly efficient supply chains made possible by technology advancement.
As such, a range of sourcing options for its products, with a balanced mix of sourcing
externally from original equipment manufacturers ("OEMs") and manufacturing in-
house, while maintaining stringent control over the quality of products.
In order to strengthen their supply chain and to better manage risks associated to
single sourcing. Khind has during the years, embarked on engaging new global
suppliers. The company announced that it has recently engaged a new supplier from
India and will continue to explore other sourcing options.
Transcribed Image Text:Read the article below and answer the following questions: KHIND Holdings Berhad Khind Holdings Berhad is a producer and marketer of home consumer electrical appliances and industrial electrical company established in Malaysia in 1961. The company has recently celebrated its 60-year anniversary. KHIND has steadily grown in solidity over the years, evolving from a small homegrown setup to a global enterprise. Today, KHIND has become a successful Malaysian brand well-known in the international scene with presence in over 58 countries around the globe. In order to maintain competitiveness in the market, the company ensures orders are fulfilled within the stipulated timeframe, or earlier if possible. The quick turnaround time arises from expectations by customers and consumers who are accustomed with increasingly efficient supply chains made possible by technology advancement. As such, a range of sourcing options for its products, with a balanced mix of sourcing externally from original equipment manufacturers ("OEMs") and manufacturing in- house, while maintaining stringent control over the quality of products. In order to strengthen their supply chain and to better manage risks associated to single sourcing. Khind has during the years, embarked on engaging new global suppliers. The company announced that it has recently engaged a new supplier from India and will continue to explore other sourcing options.
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