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Evaluate Vendor Products and Equipment

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Added on  2020-01-07

Evaluate Vendor Products and Equipment

   Added on 2020-01-07

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Evaluate vendor products andequipment
Evaluate Vendor Products and Equipment_1
Table of ContentsIdentify the business needs..........................................................................................................1Actual products and equipment from multiple vendors..............................................................1Evaluation of identified products and equipment.......................................................................1Prepare a cost benefit analysis for each product.........................................................................2Recommendations and reasons, and relevant purchasing options..............................................3REFERENCES................................................................................................................................4
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Identify the business needsBusiness needs for company 1Company 1 is the new Registered Training Organisation so its business needs are asfollowing:Employees or participates for developing workplace documents: Company requiresparticipants who can develop and present workplace documents (Moses and Korah,2015). As it works in educational sector so for offering variety of courses, firm needsskilled persons those who can handle the students and can manage administrative andtraining sessions effectively.Advanced IT software: For offering several courses, it needs to adopt advanced softwareso that it can provide online training to learners (Rivera, 2014.). For providing practicalknowledge it is necessary to use such highly advanced software.To provide excellent courses: As career growth is main motive of educational persons,and students opt such course which can give them opportunity in the future. So company1 business needs is to provide such courses which can be beneficial for students and canencourage learners towards them (Abou-El-Enein and et.al, 2013).Effective delivery of education and training: As it has many departments, all departmentshave their own office so company needs to provide excellent services and education tostudents so that revenues of the firm can get increased (Avery, Whitehead and Halliday,2016).Business needs for company 2Company 2 is the mortgage broker so business needs of the firm are as below:Hiring additional staff: Mortgage company's business needs is to recruit skilled personsin the organization so that more than 4 employees can work for selling reps so thatbusiness of the firm can get increased (Ballou, 2013). Use of advanced software: As company has to show its projects to many clients so itrequires using such advanced software so that it can present it in effective manner. Apartfrom this sales persons have to deal daily with many customers so business needs is torecord all data so that it can enhance revenues of the organization (Suhir, 2012).1
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