Matching Items (1)
- All Subjects: Buyer/vendor Relationship
- All Subjects: Performance Information Procurement System
- Creators: Holtzman, Krista
- Creators: Phan, Alice
- Member of: Barrett, The Honors College Thesis/Creative Project Collection
- Status: Published
With the help of some Information Measurement Theory (IMT), Kashiwagi Solutions Model (KSM), and deductive logic background, supply chain managers can start utilizing a new way to effectively and efficiently negotiate contracts. Developed by Dr. Dean Kashiwagi, the Best Value Approach has been 98% successful with over 1,800 projects for the past 20 years. The process gives vendors/suppliers the power to use their expertise. In return for not having to follow the rules set by the client/buyer, the vendor must show documentation and plans of risk management, value added processes, and metrics.