According to the textbook, Supplier Recognition Programs:
A) Are generally not very effective
B) Are used by 90% of companies
C) Encourage suppliers to keep their performance high
D) Are difficult to implement

Question

Quizplus · Accepted Answer

Supplier recognition programs are designed to encourage suppliers to maintain their performance at a high level by acknowledging and rewarding their efforts. This can include things like awards, public recognition, or even financial incentives. While these programs may be challenging to implement and execute effectively, they can be an important tool for companies that rely on a strong network of suppliers to deliver high-quality products and services. The textbook does not provide information about the percentage of companies that use supplier recognition programs, so option B is incorrect. Option A is also incorrect, as there is evidence to suggest that these programs can be effective. Option D is partially correct, as these programs may require careful planning and effort to set up, but it is not necessarily true that they are universally difficult to implement.

According to the Textbook, Supplier Recognition Programs