Supplier Evaluation Importance

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What is one of the criteria that a café might use to evaluate suppliers of arabica coffee beans?

Proximity to the café

Capacity to accommodate a large number of orders (correct)

Experience in catering services

Ability to provide organic coffee beans

What is the primary purpose of evaluating suppliers?

To negotiate terms and conditions

To compare prices among suppliers

To identify the best fit for an organization (correct)

To create a list of potential suppliers

What is the purpose of shortlisting suppliers?

To compare prices among suppliers

To create a long-term contract with suppliers

To avoid wasting time and resources on unsuitable suppliers (correct)

To identify the best fit for an organization

What should a request for proposal (RFP) include?

A detailed list of requirements and a timeline of operational activities Signup and view all the answers

What is the benefit of pre-qualifying suppliers?

It saves time and resources by avoiding unsuitable suppliers Signup and view all the answers

What is the primary purpose of evaluating suppliers within an organization?

To ensure suppliers meet the organization's standards Signup and view all the answers

What is referred to as the set of criteria used to assess the qualifications of a potential supplier?

The 10 Cs of supplier evaluation Signup and view all the answers

What does competency development refer to in the context of supplier evaluation?

Enhancing an employee's capabilities in assessing a supplier's performance Signup and view all the answers

How many suppliers should a business shortlist?

The number depends on the business' operational requirements Signup and view all the answers

What is the benefit of having approved suppliers that can provide the needs of a business?

Ensuring a smooth operation and efficient workflow Signup and view all the answers

What is referred to as the ability of a business to perform at a higher level than others in the same industry?

Competitive advantage Signup and view all the answers

What is the primary objective of supplier evaluation?

To ensure the potential supplier meets technical, financial, and commercial criteria Signup and view all the answers

What does 'competency' refer to in the context of the 10 Cs of supplier evaluation?

Assessing a supplier's capabilities compared to the organization's needs Signup and view all the answers

What is the first step in the supplier selection process?

Identify the needs of the organization Signup and view all the answers

What is the purpose of creating criteria for supplier evaluation?

To evaluate suppliers based on technical, financial, and commercial criteria Signup and view all the answers

What is the outcome of a successful supplier selection process?

Choosing a supplier who offers value for money and can deliver requirements efficiently Signup and view all the answers

Why is it essential to identify the needs of the organization in the supplier selection process?

To define the requirements and expectations of the business Signup and view all the answers

What is the role of brainstorming in identifying the needs of the organization?

To identify the types of products and services to offer Signup and view all the answers

Supplier Evaluation Importance

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