Sometimes I wonder whether I made the right decision back then. Over the last six years, I became the best mechanic in the company. I had a great boss, a good salary, a secure future and awesome colleagues. I didn't really want to give up all of this, and yet I did. I just feel that this job can no longer teach me anything new, nor is it challenging enough for me.
I remember my old childhood dream of becoming a top manager, but is it worth giving up what I have, only to chase dreams, not knowing whether I'll ever make it anywhere? I don't know, but the decision is made now. And here I am, back with the books again, studying business administration at university. Who knows where this will end. Anyway, I need to focus right now. I'm preparing for my first exam. Let's see if I can solve this exercise:
Imagine you work in the middle management of a mechanical engineering company.
The general manager asked you to present a purchasing plan for machine components for the upcoming year. For the procurement of several machine components, you can choose between three suppliers:
- The supplier 'Mecha-Heads' sells their components for only $20 per unit, but the components have a relatively low durability. Also, after some online research, you find that many customers rated the supplier's punctuality with 3 out of 5 stars.
- The supplier 'Swiss Metal' is quite expensive and sells their components for $60 per unit, but their components have the greatest durability. Customers rate their punctuality with 4 out of 5 stars.
- The supplier 'General Machines' offers components with average durability and their pricing is $40 per unit. Their punctuality is also rated with 4 out of 5 stars.
Your general manager would like to purchase components of great quality that are cheap and are delivered punctually. But if it's not possible to have it all, he'd consider a low price to be twice as important as punctuality, and the quality twice as important as the price.
You have to make a rational decision. Based on this information, which supplier would you choose and why?
Task: Solve the exercise
- 3 points for the correct answer
- 7 points for the correct analysis