Supplier performance must be rated on many different factors because
A)the factors impact the total supply chain cost.
B)the factors minimize the supply chain involvement.
C)the factors reduce the impact of price.
D)the factors maximize the supply chain price.

Question

Quizplus · Accepted Answer

Supplier performance should be rated on many different factors because these factors directly impact the total supply chain cost. By evaluating suppliers on multiple criteria, companies can ensure that they are working with suppliers who provide the best value for money and the greatest overall benefit to the supply chain. Factors that are commonly used to rate supplier performance include quality, delivery time, reliability, responsiveness, and cost-effectiveness. By considering all of these factors, companies can select the best suppliers and make sure that their supply chain runs smoothly and efficiently.

Supplier Performance Must Be Rated on Many Different Factors Because