Asked by Jayraj Gadhavi on Apr 27, 2024
Verified
Price has traditionally been the only dimension that suppliers have been compared on during the process of
A) procurement.
B) sourcing.
C) supplier scoring and assessment.
D) supplier selection.
Supplier Selection
The process of assessing and choosing the most suitable suppliers based on criteria like cost, quality, service, and reliability.
Procurement
The process of obtaining goods and services, including the negotiation of terms, selection of suppliers, and the formal agreement of contracts.
- Recognize the need to consider multiple dimensions in supplier comparison and selection.
Verified Answer
LB
Louisa BovenApr 29, 2024
Final Answer :
C
Explanation :
Supplier scoring and assessment traditionally focuses on multiple dimensions, not just price, to evaluate suppliers comprehensively.
Learning Objectives
- Recognize the need to consider multiple dimensions in supplier comparison and selection.
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