Asked by Jhane Hemingway on Apr 28, 2024
Verified
Which of the following is not required information to obtain to conduct the factor weighting technique in supplier selection analysis?
A) a set of supplier criteria
B) a weight for each supplier criterion
C) a score for each potential supplier on each criterion
D) a qualitative scale on which to rate suppliers
E) a numerical scale on which to rate suppliers
Factor Weighting Technique
A method used in decision-making that assigns different weights to various factors or criteria according to their importance or relevance.
Supplier Selection
The process of evaluating and choosing suppliers based on criteria such as price, quality, reliability, and service to ensure the best value for the purchasing organization.
Supplier Criteria
Supplier criteria are the set standards or requirements that a company uses to evaluate and select suppliers, including quality, reliability, cost, and delivery performance.
- Grasp the methodology of factor weighting in choosing suppliers, incorporating the use of specific criteria and their respective weights for making decisions.
Verified Answer
ZK
Zybrea KnightMay 04, 2024
Final Answer :
D
Explanation :
The factor weighting technique in supplier selection analysis requires a set of supplier criteria, a weight for each supplier criterion, and a score for each potential supplier on each criterion. It also requires a scale on which to rate suppliers, but it does not specify whether this scale must be qualitative or numerical. Thus, both options (D) and (E) could be acceptable.
Learning Objectives
- Grasp the methodology of factor weighting in choosing suppliers, incorporating the use of specific criteria and their respective weights for making decisions.