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Questions and Answers
Which of the following best describes the purpose of using a weighted points system in assessing suppliers' proposals?
Which of the following best describes the purpose of using a weighted points system in assessing suppliers' proposals?
- To prioritize price over other factors
- To eliminate bias in supplier selection
- To simplify the decision-making process
- To ensure a fair and transparent evaluation process (correct)
What is the first step in implementing a weighted points system?
What is the first step in implementing a weighted points system?
- Rate each supplier on each criterion
- Identify key factors for supplier selection (correct)
- Assign weights to each criterion
- Sum up the weights for all criteria
How are suppliers rated in the weighted points system?
How are suppliers rated in the weighted points system?
- Based on their past performance only
- By comparing them to other suppliers
- On each criterion using a numerical scale (correct)
- On a scale of 1-5 for each criterion
Which of the following is an advantage of using a weighted points system for supplier evaluation?
Which of the following is an advantage of using a weighted points system for supplier evaluation?
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What is the final step in the weighted points system for supplier evaluation?
What is the final step in the weighted points system for supplier evaluation?
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What is a disadvantage of using a weighted points system for supplier evaluation?
What is a disadvantage of using a weighted points system for supplier evaluation?
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