Procurement team orders 500 Tshirts for Caps student from local supplier. List the stakeholders that are involved. How much power and interest does this stakeholders have, customers, Suppliers, Employees, shareholders

let's detail the power and interest of each stakeholder in the T-shirt procurement scenario.

Here's a breakdown of the stakeholders and their power and interest:

• Customers:

  • CIPS Students:
    • Power & Interest: Moderate. Their primary interest is receiving the T-shirts. Their power stems from their collective satisfaction or dissatisfaction, which can influence future procurement decisions or the organization's reputation.

• Suppliers:

  • Local Supplier:
    • Power & Interest: Moderate to High. Their interest is in securing the order and profitability. Their power comes from controlling the product's quality, pricing, and delivery schedule, especially if they are a preferred or limited local option.

• Employees:

  • Procurement Team:
    • Power & Interest: High. Their interest is in successfully executing the purchase. Their power lies in controlling supplier selection, negotiation, budget management, and the overall procurement process.
  • Finance Department:
    • Power & Interest: High. Their interest is in financial compliance and budget adherence. Their power comes from controlling the release of funds and ensuring all financial procedures are followed.

• Shareholders:

  • CIPS (the organization/institution):
    • Power & Interest: High. Their interest is in the overall strategic success and financial well-being of the organization. Their power is derived from setting organizational policies, budgets, and strategic objectives that govern all procurement activities.