Question: Supposed you are tasked with selecting a new supplier for a critical component of your company's product. The component is essential for maintaining product quality,

Supposed you are tasked with selecting a new supplier for a critical component of your company's product. The component is essential for maintaining product quality, and the supply chain has faced disruptions in the past due to poor supplier performance. Outline the steps you would take to evaluate and select the right supplier, considering the following factors: Cost, quality and reliability

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