Asked by Meadow Smith on May 01, 2024
Verified
GoGo Furniture needs to purchase glass panes to make glass top coffee tables. Last year GoGo Furniture has two suppliers, BolBol and TolTol. Based on last year's expernece with these two suppliers, GoGo provides you with the following supplier related information: 
The supplier performance index of BolBol and TolTol are, respectively:
A) BolBol 0.30; TolTol 0.05
B) BolBol 1.20; TolTol 1.03
C) BolBol 1.30; TolTol 1.05
D) BolBol 1.51; TolTol 0.40
Supplier Performance Index
This index assesses a supplier's efficiency by analyzing their delivery times, quality of goods, and adherence to contractual agreements, providing a comprehensive overview of their performance.
Suppliers
Entities that provide goods or services to another entity, typically in a supply chain context.
- Acquire knowledge on the just-in-time (JIT) purchasing approach and its effects on interactions with suppliers.
Verified Answer
ZK
Zybrea KnightMay 05, 2024
Final Answer :
C
Explanation :
Based on the supplier performance index, BolBol has a higher rating than TolTol, indicating that they performed better as a supplier. Therefore, the best choice for GoGo Furniture would be to purchase from BolBol.
Learning Objectives
- Acquire knowledge on the just-in-time (JIT) purchasing approach and its effects on interactions with suppliers.