When a company creates a rating form for its suppliers and rates their on-time delivery, product quality, service advice, and so forth, in order to determine which suppliers to put on an approved list of suppliers for specific products, this process is called a(n):

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The process described is vendor analysis, which involves evaluating and rating suppliers based on various criteria. JIT rating (A) is specific to evaluating suppliers based on their ability to provide just-in-time deliveries. Resident buyer analysis (B) is a process in which a company assigns a dedicated employee to oversee the purchasing process. ISO 9000 certification (D) is a certification that demonstrates a company follows certain quality management standards. Buying center analysis (E) is a process of analyzing the individuals involved in the buying decision at a customer organization.

When a Company Creates a Rating Form for Its Suppliers