Calculate the supplier score given the following parameters:CritieriaPriceQualityDependability55What is the total weighted score for this supplier?80O 25Weight50%25%25%O 100Score7080100O None of the aboveSubweight352025

Formulae used: Weighted score = Factor weight x Score

Answered: Calculate the supplier score given the…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

See similar textbooks

Similar questions

5. What are the steps that you will recommend to Amazon which assist in the successful building a prospering customer and supplier relationship??
DHL key factors in managing supplier relationship: a. Key to successful partnership b. Supplier Evaluation & Certification c. Supplier Development d. Supplier Recognition Programs e. Supplier Relationship Management
With the use of relevant examples, discuss below criteria that an organisation uses when selecting suppliers 1. Product quality 2. delivery reliability 3. purchasing costs 4. customer services 5.Financial aspects 6.Co-operation and partnership 7. Legal criteria
Match the following common risks with the appropriate mitigation strategy:Country risks A. Detailed tracking, alternate suppliersRegulatory risk B. Careful selection and monitoring of suppliersLogistics failure C. Contingency planning, insuranceNatural disaster D. Good legal advice, complianceMajor quality failure E. Currency hedging, local sourcing
In order to assess a suppliers’ pool, you decide to evaluate the following categories of the suppliers’ performance using cost-ratio method:- Price- Delivery- Quality Using cost ratio method, please calculate the Suppliers performance score.
Ethics When firms implement a single sourcing policyin their buying, other possible suppliers do not have anopportunity to compete for the business. Is this ethi·cal? What are the advantages to the company? Whatare the disadvantages?
Please explain the four steps of a company's decision in choosing a supplier: 1. cost 2. reliability 3. quality 4. service
4.1 Evaluate and critically discuss the seven-step supplier selection process as an enabler to world-class supplier selection. 4.2 Outline the importance of random supplier visits.
Ethics When firms implement a single sourcing policy in their buying, other possible suppliers do not have an opportunity to compete for the business. Is this ethi- cal? What are the advantages to the company? What are the disadvantages?
Explain what are the reasons why top management commitment is essential to the success of supplier management and development ?
Atlas Hardware buys power tools with a list price of $23,500. If the supplier offers trade discounts of 10/20/5, find the trade discount amount. Use the single equivalent discount for your answer. O $3,926 O $7,426 O $13,500 O $16,074
Can you help me? 1. List the disadvantages (min 5 points) of traditional procurement approach and see what are the methods/ strategies to improve the system by having other forms of procurement systems. 2. Explain the pros and cons of the selected tender method in a table form and how this method may be enhanced.

SEE MORE QUESTIONS

Recommended textbooks for you

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Practical Management Science

Operations Management

ISBN:

9781337406659

Author:

WINSTON, Wayne L.

Publisher:

Cengage,

Operations Management

ISBN:

9781259667473

Author:

William J Stevenson

Publisher:

McGraw-Hill Education

Operations and Supply Chain Management (Mcgraw-hi…

Operations Management

ISBN:

9781259666100

Author:

F. Robert Jacobs, Richard B Chase

Publisher:

McGraw-Hill Education

Business in Action

Operations Management

ISBN:

9780135198100

Author:

BOVEE

Publisher:

PEARSON CO

Purchasing and Supply Chain Management

Operations Management

ISBN:

9781285869681

Author:

Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson

Publisher:

Cengage Learning

Production and Operations Analysis, Seventh Editi…

Operations Management

ISBN:

9781478623069

Author:

Steven Nahmias, Tava Lennon Olsen

Publisher:

Waveland Press, Inc.

SEE MORE TEXTBOOKS

Calculate the supplier score given the following parameters: Critieria Price Quality Dependability O 55 What is the total weighted score for this supplier? O 80 O 25 Weight 50% 25% 25% O 100 Score 70 80 100 O None of the above Subweight 35 20 25