Developed by Cool Pictures and MultiMedia Presentations Copyright © 2004 by South-Western, a division of Thomson Learning, Inc. All rights reserved. Developed by Cool Pictures and MultiMedia Presentations Copyright © 2004 by South-Western, a division of Thomson Learning, Inc. All rights reserved. 2. General Description of Need 3. Product Specifications 4. Supplier Search Organizational Buying Process 5. Acquisition and Analysis of Proposals 6. Supplier Selection 7. Selection of Order Routine 8. Performance Review 1. Problem Recognition Developed by Cool Pictures and MultiMedia Presentations Copyright © 2004 by South-Western, a division of Thomson Learning, Inc. All rights reserved. Three Buying Situations (slide 1 of 4) 1. New task 2. Modified rebuy 3. Straight rebuy Developed by Cool Pictures and MultiMedia Presentations Copyright © 2004 by South-Western, a division of Thomson Learning, Inc. All rights reserved. Three Buying Situations 1. New Task (slide 2 of 4) • New task—the problem or need is totally different from previous experiences. – Significant amount of information is required. – Buyers operate in the extensive problem solving stage. • Buyers lack well defined criteria. • Lack strong predispositions toward a solution. Developed by Cool Pictures and MultiMedia Presentations Copyright © 2004 by South-Western, a division of Thomson Learning, Inc. All rights reserved. Three Buying Situations 2. Modified Rebuy (slide 3 of 4) • Modified rebuy—decision makers feel there are benefits to be derived by reevaluating alternatives. – Most likely to occur when displeased with the performance of current supplier. – Buyers operate in the limited problem solving stage. • Buyers have well defined criteria. Developed by Cool Pictures and MultiMedia Presentations Copyright © 2004 by South-Western, a division of Thomson Learning, Inc. All rights reserved. Three Buying Situations 3. Straight rebuy (slide 4 of 4) • Straight rebuy—the problem or need is a recurring or continuing situation. – Buyers have experience in the area in question. – Require little or no new information. – Buyers operate in the routine problem solving stage. Developed by Cool Pictures and MultiMedia Presentations Copyright © 2004 by South-Western, a division of Thomson Learning, Inc. All rights reserved. Buying Decision Approaches Causal purchases…involve no information search or analysis. Routine low priority…decisions are more important and involve a moderate amount of analysis. Developed by Cool Pictures and MultiMedia Presentations Copyright © 2004 by South-Western, a division of Thomson Learning, Inc. All rights reserved. • Enables individual employees to buy online while the company retains control of the purchasing process. The Buy-Side Requisitioning Process Developed by Cool Pictures and MultiMedia Presentations Copyright © 2004 by South-Western, a division of Thomson Learning, Inc. All rights reserved. Forces Influencing Organizational Buying Behavior A projected change in business conditions can drastically alter buying plan. Organizational Buying Behavior Developed by Cool Pictures and MultiMedia Presentations Environmental Forces •Economic Outlook: Domestic & Global •Pace of Technological Change •Global Trade Relations Organizational Forces •Goals, Objectives, and Strategies •Organizational Position of Purchasing Group Forces •Roles, relative influence, and patterns of interaction of buying decision participants Individual Forces •Job function, past experience, and buying motives of individual decision participants Copyright © 2004 by South-Western, a division of Thomson Learning, Inc. All rights reserved. The Buygrid Framework for Organizational Buying Situations With rising competitive pressures managers are using rigorous cost modeling approaches to identify factors that drive the cost of purchased goods and services. Developed by Cool Pictures and MultiMedia Presentations Copyright © 2004 by South-Western, a division of Thomson Learning, Inc. All rights reserved. Questions for the Industrial Salesperson 1. Which member takes part in the buying process? 2. What is each members relative influence in the decision? 3. What criteria is important to members in the evaluation process? Developed by Cool Pictures and MultiMedia Presentations Copyright © 2004 by South-Western, a division of Thomson Learning, Inc. All rights reserved. Members of the buying center assume different roles throughout the procurement process. Clues for Identifying Powerful Buying Center Members Developed by Cool Pictures and MultiMedia Presentations Copyright © 2004 by South-Western, a division of Thomson Learning, Inc. All rights reserved. Selective Process & Cognition Developed by Cool Pictures and MultiMedia Presentations Selective exposure. Selective attention. Selective perception. Selective retention. Copyright © 2004 by South-Western, a division of Thomson Learning, Inc. All rights reserved. Perceived Risk Components 1. Uncertainty about the outcomes of a decision. 2. The magnitude of consequences associated with making the wrong selection. Developed by Cool Pictures and MultiMedia Presentations Copyright © 2004 by South-Western, a division of Thomson Learning, Inc. All rights reserved. Major Elements of Organizational Buying Behavior The behavior of organizational buyers is influenced by environmental, organizational, group, and individual factors. Developed by Cool Pictures and MultiMedia Presentations Copyright © 2004 by South-Western, a division of Thomson Learning, Inc. All rights reserved.