A/An _____ may be used as a decision support tool in which the sourcing team assigns a weight to the different categories and develops a numerical score for each supplier in each category, thereby developing a final performance score.
A)make-buy analysis
B)portfolio analysis matrix
C)reverse auction
D)e-catalog
E)supplier selection scorecard

Question

Quizplus · Accepted Answer

The supplier selection scorecard is a commonly used decision support tool in which the sourcing team assigns a weight to the different categories and develops a numerical score for each supplier in each category, ultimately developing a final performance score for each supplier. Choice A (make-buy analysis) is a tool used to determine whether to outsource a particular product or service or to produce it internally. Choice B (portfolio analysis matrix) is used to evaluate a company's product or service offerings and decide which ones to invest in or discontinue. Choice C (reverse auction) is an online bidding process in which suppliers compete to win a contract by offering successively lower prices. Choice D (e-catalog) is an online platform that allows suppliers to display and sell their products to buyers.

A/An _____ May Be Used as a Decision Support Tool