Practical Management Science
6th Edition
ISBN: 9781337406659
Author: WINSTON, Wayne L.
Publisher: Cengage,
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Which of the following is the “Evaluation” step in the supplier selection process?
Pick the “best” supplier and get contract signed Define key selection criteria, compare costs and capabilities, visit suppliers and establish an approved list Watch performance and communicate results on a consistent basis Know who all your suppliers are |
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- Explain why do many buyers make critical supplier selection decisions without fully analysing and understanding a supplier production and supporting Processes ?arrow_forwardDiscuss why suppliers are often hesitant to share cost information with buyers, particularly at the beginning of a buyer-seller relationship.arrow_forwardExplain why it is important to collect first-hand information especially by visiting the supplier’s production sites during the supplier selection processarrow_forward
- To appoint the right suppliers, analysis on the suppliers’ ability to meet satisfactory quality, delivery, quantity, price or cost, and service should be done. They also should achieve other criteria to strengthen their efficiency too. Elaborate any four (4) criteria to be fulfilled.arrow_forwardWhy is it important to choose a supplier? What considerations should be taken into account when choosing a supplier?arrow_forwardState and describe what should an effective supplier quality manual contains ?arrow_forward
- Did a supplier quality improvement project improve supplier quality by the intended amount?arrow_forwardRecognize the seven-step supplier selection process as an enabler to world-class supplier selectionarrow_forwardCritique the concept of supplier development by highlighting five supplier development activities that Mosetsana Pads could embark on. Use practical examples to substantiate. 1. Sharing essential knowledge 2. Sharing skills 3. Sharing experience 4. Optimal investments 5. Direct involvement in supplier activitiesarrow_forward
- Describe a few categories that would be appropriate to include in a supplier selection factor-weighting analysis.arrow_forwardOrganisations face an important decision in choosing how supplier performance is to be measured.Organisations must also determine what to measure. As the purchasing manager how would you measurethe performance of your selected suppliers?arrow_forwardExplaindid a supplier quality improvement project improve supplier quality by the intended amount?arrow_forward
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