Description
The purpose of this assignment is to provide justification of a capital purchase using decision-making skills, research, and data.
You are responsible for finding replacement capital pieces for the radiology department. You have just been notified that the MRI scanner machines are obsolete and need to be replaced. Compare and contrast different vendors and ROI using the “Vendor Information Sheet” resource.
Part One
- Before analyzing the “Vendor Information Sheet,” what essential “items” should you consider before purchasing an item?
- Using the “Vendor Information Sheet,” determine what a reasonable ROI is?
- What are the minimum quality standards? Is there additional training required to operate the equipment?
- Choose the vendor that fits the need of the hospital and has the best ROI. Justify your chosen capital purchase.
Part Two
After comparing vendors, write a 250-500 word justification for the capital purchase to your vice president. Address the following:
- Why would this be a good investment for the hospital?
- What are the operating costs you took into consideration? Explain.
- What facility considerations are involved regarding this new piece of equipment? Explain.
- What is a reasonable ROI? What are the minimum quality standards?
- What training options would need to occur?
Vendor Information Sheet
You recently requested bids for a new MRI (magnetic resonance imaging) machine in for your
radiology department. As a result, two vendors have submitted quotes based off the specs in your
proposal. You anticipate the service life of this machine to be 10 years and that it should generate
$600,000 per year at 50% capacity. To remove any potential for bias, your compliance
department has provided the bids to you (below) and removed the name of each company.
Bid: Company A
Supply and install a 3T (3 Tesla) MRI scanner. Once bid is accepted, work will be completed in
90 days. Each day after 90 days incurs a $5,000 (a day) penalty. Warranty is for 2 years.
Software upgrades for 1 year.
•
Total cost: $3,650,000
•
Additional warranty: $150,000 (per year to year 5)
•
Software upgrades: $50,000 (per year up to year 5)
Bid: Company B
Supply and install a 3T (3 Tesla) MRI scanner. Once bid is accepted, work will be completed in
90 days. Each day after 90 days incurs a $5,000 (a day) penalty. Warranty is for 4 years.
Software upgrades for 5 years.
1. Total cost: $4,400,000
2. Additional warranty: $75,000 (per year to year 10)
3. Software upgrades: $25,000 (per year up to year 10)
© 2019. Grand Canyon University. All Rights Reserved.
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You recently requested bids for a new MRI (magnetic resonance imaging) machine in for your
radiology department. As a result, two vendors have submitted quotes based off the specs in your
proposal. You anticipate the service life of this machine to be 10 years and that it should generate
$600,000 per year at 50% capacity. To remove any potential for bias, your compliance
department has provided the bids to you (below) and removed the name of each company.
Bid: Company A
Supply and install a 3T (3 Tesla) MRI scanner. Once bid is accepted, work will be completed in
90 days. Each day after 90 days incurs a $5,000 (a day) penalty. Warranty is for 2 years.
Software upgrades for 1 year.
•
Total cost: $3,650,000
•
Additional warranty: $150,000 (per year to year 5)
•
Software upgrades: $50,000 (per year up to year 5)
Bid: Company B
Supply and install a 3T (3 Tesla) MRI scanner. Once bid is accepted, work will be completed in
90 days. Each day after 90 days incurs a $5,000 (a day) penalty. Warranty is for 4 years.
Software upgrades for 5 years.
1. Total cost: $4,400,000
2. Additional warranty: $75,000 (per year to year 10)
3. Software upgrades: $25,000 (per year up to year 10)
© 2019. Grand Canyon University. All Rights Reserved.
Purchase answer to see full
attachment
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