While dealing with suppliers, it is important to:
A) base purchasing decisions on cost; not quality.
B) increase the number of suppliers.
C) establish short-term contracts.
D) measure and certify supplier performance.

Question

Quizplus · Accepted Answer

It is important to measure and certify supplier performance as this will ensure that they deliver quality products and services. It will also help in identifying any weaknesses that need improvement. Basing purchasing decisions solely on cost may sacrifice quality, increasing the number of suppliers may lead to fragmentation and inefficiencies, and short-term contracts may not allow for strong relationships to be built with suppliers.

While Dealing with Suppliers, It Is Important To