Supplier Evaluation Importance

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Questions and Answers

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?

<p>A detailed list of requirements and a timeline of operational activities (C)</p> Signup and view all the answers

What is the benefit of pre-qualifying suppliers?

<p>It saves time and resources by avoiding unsuitable suppliers (C)</p> Signup and view all the answers

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

<p>To ensure suppliers meet the organization's standards (B)</p> Signup and view all the answers

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

<p>The 10 Cs of supplier evaluation (B)</p> Signup and view all the answers

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

<p>Enhancing an employee's capabilities in assessing a supplier's performance (C)</p> Signup and view all the answers

How many suppliers should a business shortlist?

<p>The number depends on the business' operational requirements (C)</p> Signup and view all the answers

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

<p>Ensuring a smooth operation and efficient workflow (D)</p> 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?

<p>Competitive advantage (B)</p> Signup and view all the answers

What is the primary objective of supplier evaluation?

<p>To ensure the potential supplier meets technical, financial, and commercial criteria (A)</p> Signup and view all the answers

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

<p>Assessing a supplier's capabilities compared to the organization's needs (D)</p> Signup and view all the answers

What is the first step in the supplier selection process?

<p>Identify the needs of the organization (C)</p> Signup and view all the answers

What is the purpose of creating criteria for supplier evaluation?

<p>To evaluate suppliers based on technical, financial, and commercial criteria (B)</p> Signup and view all the answers

What is the outcome of a successful supplier selection process?

<p>Choosing a supplier who offers value for money and can deliver requirements efficiently (C)</p> Signup and view all the answers

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

<p>To define the requirements and expectations of the business (C)</p> Signup and view all the answers

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

<p>To identify the types of products and services to offer (A)</p> Signup and view all the answers

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