Leaders must evaluate several key factors when making purchase decisions:
Cost: Assessing the total cost of ownership, including initial purchase price, maintenance, and potential future costs. Quality: Ensuring that the product or service meets the required standards and will perform as expected. Supplier Reliability: Evaluating the reliability and reputation of the supplier to ensure timely and consistent delivery. Compatibility: Considering how well the new purchase integrates with existing systems and processes. Scalability: Ensuring the purchase can accommodate future growth and changes in the business.