A/An _____ has demonstrated its performance capabilities through previous purchase contracts and, therefore, receives preference during the supplier selection process.
A)commodity supplier
B)preferred supplier
C)sole source supplier
D)new supplier responding to a RFQ
E)marginal supplier

Question

Quizplus · Accepted Answer

A preferred supplier is one who has already demonstrated their performance capabilities through previous purchase contracts, and therefore receives preference during the supplier selection process. This is different from a sole source supplier, who is the only supplier for a particular product or service, and a commodity supplier, who provides a standard, widely-used product. A new supplier responding to a RFQ and a marginal supplier may not have had the opportunity to demonstrate their performance capabilities, and may not receive preference during the selection process.

A/An _____ Has Demonstrated Its Performance Capabilities Through Previous Purchase