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Vendor Decision

Naglaa Hemida
(@naglaa-hemida)
Eminent Member Registered

In this week's Mini-Simulation, we were asked to decide whether to have one backup vendor or multiple vendors to the coating material of the catheter. It was mentioned in the Mini-Simulation that as the number of vendors increases the time, and cost of the project, as we need to perform validation and verification tests on each vendor's product. What was your decision? and how did you take this decision?

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Topic starter Posted : 18/04/2021 9:18 pm
delany
(@delany)
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While I was not a part of the Mini-Simulation, I believe I would have sided with multiple vendors. Without knowing all of the ramifications that might have been discussed, I think having more than one option is the way to go. Although I see that multiple vendors causes for more time and money, I believe that accounting for such on the front end or, during the initial planning phase, this can be alleviated. I also think that having multiple vendors can also dwindle the possibility of losing out on money in the future. For example, if a team were to only have one vendor and it ends up not working out, the team will then have to spend time, money, and energy on the back end searching for another when it could have been taken care of from the beginning. Thank you for the interesting scenario!   

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Posted : 19/04/2021 9:41 pm
llefevre
(@llefevre)
Eminent Member Registered

@delany Great job with this post. I too did not participate in the simulation but I can tell you from being involved in several different projects that having multiple vendors is never a bad idea. Part of the planning process is knowing that you’re going to need back ups to your back ups. I also reflect on in recent times watching what’s going on with the Johnson & Johnson vaccine and how one of the suppliers emergent is getting major ridicule for 15 million vaccines being damaged as a result of a malfunction in one of their facilities in Baltimore. As a result the supply chain has been completely disrupted. You would think a large biotech company would have these things figured out but even large scale companies have to retool and rely on multiple distributors and vendors. I believe this week they were asked to cease and desist all operations or further manufacture of components of the vaccine as a result of their mistakes so having other vendors lined up is definitely something to consider especially when dealing with life saving medical devices and Biologics. 

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Posted : 20/04/2021 12:09 pm
srome@msm.edu
(@sromemsm-edu)
Eminent Member Registered

In this case, I would choose multiple vendors regardless of the extra time that it may take. This is similar to creating a management plan but not having a backup plan when things go astray. Taking the extra time to plan a backup plan for it ahead of time decreases the possibility of the project being severely delayed if things do go wrongs. It’s the same for the vendors. If backup vendors have already been designated, the project will continue on schedule or with minimal delay.

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Posted : 25/04/2021 2:23 am
ashabazz
(@ashabazz)
Active Member Registered
Posted by: @naglaa-hemida

In this week's Mini-Simulation, we were asked to decide whether to have one backup vendor or multiple vendors to the coating material of the catheter. It was mentioned in the Mini-Simulation that as the number of vendors increases the time, and cost of the project, as we need to perform validation and verification tests on each vendor's product. What was your decision? and how did you take this decision?

I would definitely go with having a backup vendor for the coating material of the catheter. This would increase the time and the cost of the project, but the time addition could be mitigated by validating the vendor backup coating at the same time as the primary. This should ultimately be planned and budgeted for before pursuing the coating of the project, so the cost and time are accounted for. 

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Posted : 25/04/2021 11:42 am
eowino
(@eowinomsm-edu)
Eminent Member Registered
Posted by: @sromemsm-edu

In this case, I would choose multiple vendors regardless of the extra time that it may take. This is similar to creating a management plan but not having a backup plan when things go astray. Taking the extra time to plan a backup plan for it ahead of time decreases the possibility of the project being severely delayed if things do go wrongs. It’s the same for the vendors. If backup vendors have already been designated, the project will continue on schedule or with minimal delay.

Great post, and you do bring some valid points; having a backup plan in advance is a smart idea to avoid delays in case of any issues; having backup vendors will indeed help the project stay on schedule.

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Posted : 26/04/2021 2:08 am
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