Asked by
Ireland Horvat
on Dec 05, 2024Verified
The supplier selection decision:
A) should always be preceded by a formal supplier evaluation and rating.
B) should be based on quantifiable factors such as price and delivery,and ignore social and environmental issues.
C) can be depicted by a decision tree identifying options,evaluation criteria,and probabilities of success and failure.
D) can be seen as a decision-making process undertaken in an environment of certainty.
E) is based on a uniform set of weighted criteria that can be applied to every purchase.
Decision Tree
A graphical representation used to make decisions, showing various outcomes from a series of related choices.
Evaluation Criteria
Standards or benchmarks used to assess the performance, quality, or suitability of products, services, or projects.
- Master the essentials for selecting and appraising supplier performance.
Verified Answer
KD
Learning Objectives
- Master the essentials for selecting and appraising supplier performance.
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