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Question 1. 1. (TCOs 1 and 6) Explain how the request for quote and request for proposal processes work. Be sure to indicate how they differ and how a purchasing group uses each. (Points : 25)
Question 2. 2. (TCO 5) Read the following scenario and then determine whether the firm should make, buy, or partner in this situation. In addition to explaining why you feel your choice is superior to the other two, be sure to discuss the implications it will have for procurement.
Your organization plans to introduce a new product in the next 16–18 months. The product will rely on technology about which your organization already has some know-how