Procurement team under 500 T-shirts for CIPS students from a local supplier. List the stakeholders that are involved. How much power and influence they have?

Okay, Aqua, let's break down the power and influence of each stakeholder in that T-shirt procurement scenario.

Here's how much power and influence each stakeholder has:

• Procurement Team:
  • Power: High. They control the selection of the supplier, negotiate terms, manage the budget for the purchase, and ultimately decide on the contract.
  • Influence: High. They directly influence the cost, quality, delivery schedule, and overall success of the purchase.
• CIPS Students:
  • Power: Moderate. As the end-users, their satisfaction is crucial. Their collective feedback can impact future procurement decisions or the reputation of the T-shirts.
  • Influence: Moderate. They can influence specifications (e.g., design, sizes, material preferences) if their input is sought.
• Local Supplier:
  • Power: Moderate to High. They control the supply of the T-shirts, their pricing, quality, and delivery schedule. If they are one of few local options, their power increases.
  • Influence: High. They directly influence the final product's quality, design options, and adherence to timelines.
• CIPS (the organization/institution):
  • Power: High. They hold the ultimate authority over the budget, procurement policies, and strategic objectives that guide the purchase.
  • Influence: High. Their policies and budget constraints directly influence the procurement team's decisions and the overall scope of the purchase.
• Finance Department:
  • Power: High. They control the release of funds for the purchase and ensure financial compliance. They can delay or halt payment if procedures are not met.
  • Influence: Moderate. They influence the payment terms and ensure the purchase aligns with the organization's financial regulations and budget.