The _____ supplier evaluation system seeks to quantify the total cost of doing business with a given supplier, as the lowest purchase price may not always result in the lowest total cost for an item or service.
A)Six Sigma
B)zero defects
C)cost-based
D)categorical
E)weighted-point

Question

Quizplus · Accepted Answer

The cost-based supplier evaluation system focuses on quantifying the total cost of doing business with a supplier, considering factors beyond just the purchase price to ensure that the overall cost is minimized. This approach recognizes that the lowest purchase price does not always lead to the lowest total cost.

The _____ Supplier Evaluation System Seeks to Quantify the Total