INDIAN INSTITUTE OF MATERIALS MANAGEMENT

CBD Belapur, Navi Mumbai, Maharashtra

That is, relative merits of several acceptable machines, centering around “ultimate cost”, basically a financial appraisal. 3.4 Qualitative Considerations 3.4.1 Although capital equipment purchases do not normally require a continuing effort by the supplier, diluting the evaluation of the supplier as in purchase of other items, these are meaningful because the purchaser may require installation assistance, replacement parts, and possibly a warranty adjustment. 3.4.2 Qualitative considerations implies the definite need for an assessment of the vendor's technical and production capabilities. The buyer can use several approaches in making such an assessment, including plant visits and technical discussions etc.

IIMM represents a wide spectrum of professionals engaged in various facets of materials management, responsible for planning, sourcing, control, and distribution of materials and services. IIMM, through its wide network of 50 branches and 19 chapters spread over the length and breadth of the country, and with a membership of over 10000, is dedicated to the profession of materials management through its multifarious activities including various Education Courses, Executive Development Programs, Seminars, Workshops, In-house Training Programs, Consultancy Services, etc.