Discuss how an organization develops a supplier evaluation and certification program.
Question:
Fantastic news! We've Found the answer you've been seeking!
Step by Step Answer:
Answer rating: 75% (12 reviews)
One approach of evaluating and certifying suppliers is to use the weighted criteria evaluation syste...View the full answer
Answered By
Akash Goel
I am in the teaching field since 2008 when i was enrolled myself in chartered accountants course
Since then i have an experience of teaching of class XI, XII, BCOM, MCOM, MBA, CA CPT.
5.00+
1+ Reviews
10+ Question Solved
Related Book For
Question Posted:
Students also viewed these Management Leadership questions
-
How can supplier certification contribute to quality products or services? Should all suppliers be certified? Why or why not?
-
Discuss the factors that make supplier selection and evaluation difficult.
-
A certification program consists of a series of activities that must be accomplished in a certain order. The activities, their immediate predecessors, and estimated durations appear in the following...
-
Diagonalize the matrices, if possible. The eigenvalues are as follows: (11) = 1, 2, 3; (12) = 1, 4; (13) = 5, 1; (14) = 3, 4; (15) = 3, 1; (16) = 2, 1. 3 4 6 1
-
Wilde Home & Garden is organized into three departments. The following sales and cost data are available for the prior year: Required a. What is the weighted average contribution margin ratio? Round...
-
What are the advantages and disadvantages of observation studies relative to surveys?
-
An observatory has a telescope that requires an initial investment of $\$ 25,000$. A benefactor will provide a $\$ 7,500$ gift every 5 years as long as the university makes the telescope available to...
-
On January 1, 2007 Lani Company entered into a non-cancelable lease for a machine to be used in its manufacturing operations. The lease transfers ownership of the machine to Lani by the end of the...
-
In 2024, Carla Vista Inc. sold 15,800 units of its product at an average price of $350 per unit. Carla Vista purchased 20,400 units of its product from its manufacturing supplier in 2024, at an...
-
The following is a portion of the condensed income statement for Rowan, Inc., a manufacturer of plastic containers: Required: 1. Determine Rowan's inventory turnover. 2. What information does this...
-
What are the criteria used in evaluating a supplier?
-
Why should an organization invest in supplier development programs? What are the challenges of supplier development activities?
-
Perform a self-assessment: Do you prefer to work in a team or on your own? Why? Does your answer depend on the task or project? Explain.
-
What is the bid-ask spread?
-
Professional behaviour means that members of the professional body must: a. maintain their knowledge and skill at the required level. b. keep up to date with changes in regulations and standards. c....
-
Economics is said to be the study of choices that implies trade-offs. Viewed broadly, what is the specific trade-off involved when the environment is the focus of an eco- nomic study?
-
Economists view environmental resources or the natural environment, in general, as a scarce resource. In what specific way is the natural environment regarded as a scarce resource?
-
What are the differences between the physical location exchanges and the NASDAQ stock market?
-
Explain the principle of tandeed in Islam.
-
Chloroplasts are illuminated until the levels of the Calvin cycle intermediates reach a steady state. The light is then turned off. How does the level of RuBP vary after this point?
-
Find the centroid of the given region assuming the density (x, y) = 1. Quarter circle x 2 + y 2 R 2 , y |x|
-
Recently, you were assigned to manage a project for your company. You have constructed a network diagram depicting the various activities in the project. In addition, you have asked your team to...
-
In solved problem, estimates the probability that the noncritical path B-F-G-will take more than 20 weeks.
-
In solved problem, estimates the probability that the noncritical path B-F-G-will take more than 20 weeks.
-
Ramirez Company installs a computerized manufacturing machine in its factory at the beginning of the year at a cost of $45,300. The machine's useful life is estimated at 10 years, or 403,000 units of...
-
14. (3 points) Write a program that ask the user for 1. their first name and 2. their last name, Enter first name: Matt Enter last name: Priem Hello Matt Priem! and then outputs a greeting similar to...
-
Given a sorted array 2, 5, 8, 12, 16, 18, 22, 25, 29, 32 and the following interpolation search algorithm. Show the steps of the algorithm when 25 is searched. Also, when 26 is searched. array a,...
Study smarter with the SolutionInn App