Exam 3: Creating and Managing Supplier Relationship

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Building Trust,Shared Vision and Objectives,Personal Relationships,Mutual Benefits and Needs are key factors that contribute to a lasting supplier partnership.

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If a company is effectively focusing on its core competencies,its level of outsourcing is likely to increase.

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Which of the following is TRUE?

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One result of an effective supplier certification program is an increase in the supplier base.

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A company using a weighted-criteria evaluation system has established these 3 categories and the appropriate weight in parentheses: Quality(0.30),Delivery(0.20),Cost(0.50). The scores for each category are shown below.Which of the following companies has the highest total score?

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