The supplier evaluation process that includes: (1)factors or criteria for evaluation, (2)the importance of each factor,and (3)a system for rating each supplier on each factor,is called a(n):
A)weighted point evaluation.
B)executive roundtable evaluation.
C)categorical evaluation.
D)qualitative evaluation.
E)informal evaluation.

Question

Quizplus · Accepted Answer

A weighted point evaluation involves considering multiple criteria or factors for evaluation and assigning a weight or importance to each factor. Suppliers are then rated on each factor, and the weights are used to calculate an overall score for each supplier. This method ensures a systematic and objective evaluation process. The other options listed either do not involve a structured evaluation process or do not include a scoring or rating system.

The Supplier Evaluation Process That Includes: (1)factors or Criteria for Evaluation