Question: Explain the following terminologies. a) Supplier categorization b) Supplier development c) Vendor rating/ranking d) Supplier selection

Explain the following terminologies. a) Supplier categorization b) Supplier development c) Vendor rating/ranking d) Supplier selection

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

Question 1 Critically explain how the measurement of performance within the procurement and supply department can contribute to the achievement of the following objectives in an organization; a)...

Q:

Question 1 (A) In performance management, each function delivers the performance requirement in order to achieve the organisational objectives. Explain five (5) activity areas in the organization...

Q:

Explain the following terminologies. a) Supplier categorization b) Supplier development c) Vendor rating/ranking d) Supplier selection

Q:

Time left 0 : 3 6 : 4 3 q , is the process of identifying potential negative events, assessing the likelihood of their occurrence, heading off these events before they occur or reducing the...

Q:

20. What does the acronym "ERP" stand for in operations management? a. Efficient Resource Planning b. Enterprise Resource Planning c. Effective Revenue Production d. Extended Resource Procurement 21....

Q:

? ? ? ? ? ? ? i s t h e p r o c e s s o f i d e n t i f y i n g p o t e n t i a l n e g a t i v e e v e n t s , a s s e s s i n g t h e l i k e l i h o o d o f t h e i r o c c u r r e n c e , h e a d...

Q:

3. Some companies use a system - which graphically tracks trends and results to effectively facilitate the project selection and management process. 4. What are the three primary technical tools for...

Q:

The risk of price volatility can be addressed by which of the following? a. Part standardization b. Contract language c. Supplier segmentation d. Supplier selection e. Supplier monitoring The...

Q:

I am required to conduct a feasibility study fro the e-cmmerce website needed by Sports warehouse in order to increase their online sales Conduct a feasibility study and discuss the results of your...

Q:

answer the questions below, just options needed, only for theory questions explanation is needed in detail:- 1._________________________ are concerned with the scope or boundaries of each business...

Q:

You are a university student and eat at your university cafeteria at lunchtime. However, you think it needs some improvements. Write a letter to the university administration explaining what is good...

Q:

A company recently announced that it would be going public. The usual suspects, Morgan Stanley, JPMorgan Chase, and Goldman Sachs will be the lead underwriters. The value of the company has been...

Q:

1 0 - 5 The wacc is a weighted average of the costs of debt, preferred stock, and common equity

Q:

atch the compensation objectives with their meanings. Efficiency Efficiency drop zone empty. Fairness Fairness drop zone empty. Compliance Compliance drop zone empty. Improving performance and...