Name and describe the steps in the supplier selection and evaluation process.
Answer to relevant QuestionsDefine supplier development and explain why it is becoming more prominent in some organizations.Should investment recovery be the responsibility of the procurement manager? If yes, why? If not, which party (parties) should be responsible for investment recovery?What is total cost of ownership and why is it important to consider?List the various methods of order transmittal and discuss relevant characteristics of each one. What is meant by service recovery? How is it relevant to logistics?
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