Multi-criteria analysis is an intuitive tool that helps you select the right supplier. One of the strengths of multi-criteria analysis is that it enables you to ________" qualitative decisions.

• Divide
• Multiply
• Quantify
• Exploit

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Collecting data and filling out the matrix is which of the following steps in Multi-criteria analysis?

• Define scoring system
• Set weights
• Evaluate options
• Decide on criteria

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The formal process of asking What if? questions in a decision-making process is called what?

• Sensitivity analysis
• Cost variance
• Decomposition
• Expediting

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As a purchasing professional, when you dont stay ahead of the ________, you and your company will become irrelevant.

• Technology game
• Competitors core competence
• Changing market
• Supplier contract

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Purchasing professionals need to ________ and ________ in order to find the right supplier.

• Overpromise; underperform
• Lower market share; write contracts
• Get the lowest price; monitor delays
• Ask tough questions; do their homework

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Deciding how important each criterion is is which of the following steps in Multi-criteria analysis?

• Define scoring system
• Decide on criteria
• Set weights
• Evaluate options