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Jasmine identified a possible new supplier that offers commercial improvements in her category of spend.

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Jasmine identified a possible new supplier that offers commercial improvements in her category of spend. She decided to put forward a business case to justify the necessity for a new supplier assessment and audit with the aim of adding the supplier to the approved list. Jasmine decided to carry out a cost-benefits analysis. Is this the right approach for Jasmine to use?

A.

No, cost-benefits analysis should be done by accounts only

B.

Yes, cost-benefits analysis will show if benefits offered outweigh the cost of the approval

C.

Yes, cost-benefits analysis is a regulatory requirement for any business case

D.

No, cost-benefits analysis is not required; she should request supplier approval

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