Supplier Evaluation

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)

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

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

<p>It ensures transparency as suppliers know the criteria and weights used for evaluation.</p> Signup and view all the answers

<p>Make a decision</p> Signup and view all the answers

<p>The selection of weights for each criterion can be subjective and might be influenced by personal bias.</p> Signup and view all the answers