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Question: purchasing and new product development npd require early buyer involvement...

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Purchasing and New Product Development (NPD) require Early Buyer Involvement (EBI), Early Supplier Involvement (ESI) and use of models as enablers for efficiency and effectiveness; (a) Briefly define and explain the Early Buyer Involvement (EBI) and Early Supplier Involvement (ESI) as they pertain to Purchasing [5 Marks] (b) What are the advantages and disadvantages of Early Buyer Involvement (EBI) and Early Supplier Involvement (ESI) as drivers of effectiveness and efficiency in Purchasing? [10 Marks]

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