Question: Why it is important to develop key supplier evaluation criteria? Explain at least one criterion that can be used and demonstrate how the criterion supports

  • Why it is important to develop key supplier evaluation criteria? Explain at least one criterion that can be used and demonstrate how the criterion supports a biblical perspective to key supplier selection.
  • What are the different types of supplier development and support that a firm can offer? Explain why a mix of the carrot, stick, and hands-on approach to supplier development works best.
  • What are the major sources of supply base risk? What are some of the supply chain risk management tools available to avoid or mitigate supply chain risk?

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