Question: Evaluation and rating systems that assign values such as excellent, very good, good, fair, and poor to performance are known as categorical rating systems.Trends in

Evaluation and rating systems that assign values such as excellent, very good, good, fair, and poor to performance are known as categorical rating systems.Trends in supply management include

Multiple Choice

switching suppliers frequently through online auctions to get price discounts

greater concentration of the supplier selection decision in procurement

limiting the number of suppliers and focusing on results from key suppliers

increasing the number of suppliers and developing closer relationships

negotiating shorter term contracts with fewer suppliers to increase leverage

True or False

Evaluation and rating systems that assign values such as excellent, very

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