Justification Report Part 3 - Assignment Example

The methods used to gather data on the two options included physical (observational) which demanded for a tour at the companies’ premises to observe how some of the variables on the criteria list played out. Additionally, analysis of the companies’ business approaches and customer services were analyzed from their websites. Among the findings from the methods used show that Praxiar is exceptional in terms of cost effectiveness, fair in sales promotion, neutral in delivery and safety, and poor in care and maintenance.

On the other hand, Luxfer Company is poor in both cost and sales promotion, neutral in safety, exceptional in care and maintenance, and fair in delivery cost and lead-time. Provided that Praxiar and Luxfer companies are both neutral in safety, Praxiar was chosen as the preferred supplier as its fair rating on sales promotion, exceptional rating on cost, and neutral rating on delivery and cost beat Luxfer’s poor ratings on cost and sales’ promotion, fair rating on delivery cost and lead-time, and exceptional rating in care and maintenance.

Determining the right supplier for materials for use in a business model can be hectic. This report establishes an analysis of two companies that are considered potential suppliers for gas bottles. The report focus of variables such as sales promotion, customer service, safety precautions, and delivery & cost. These variables determine whether the companies are qualified as potential suppliers based on the benefits accrued from using any of them. The analysis in this case requires to identify what supplier would be the most suitable in promoting sales as our business approach looks forwards to discounts, safety and maintenance, and timely delivery of orders.

The main aim of conducting a feasibility study on the potential supplies is to find a solution to the problem statement. I work as an electrician in the Air Force and on many occasions we have to service life rafts. On these rafts,