x
Info
x
Warning
x
Danger
 / 
 / 
 / 
1) The document which contains the specifications of what needed

Question : 1) The document which contains the specifications of what needed : 2065981

1) The document which contains the specifications of what is needed and details the information that must be submitted by a supplier is known as supplier self-assessment.

2) A request for proposal (RFP) is used when the firm knows exactly what they need, whereas a request for quote (RFQ) is used when the firm is open to the materials and technology to meet their need.

3) Analyzing the relative bargaining positions on parties involved in the negotiation occurs during the debriefing step of the negotiation process.

4) The table below contains a list of four companies that have been rated (on a 1 to 5 scale) on three weighted performance factors. What is the score for Phoenix?

 

Performance Factors

Weight

Excelsior

Phoenix

Mega

American

Quality

0.50

4

4

2

4

Cost

0.40

4

3

5

3

Speed

0.10

2

2

4

5

 

A) 2.5

B) 3.4

C) 3.9

D) 4.1

5) The table below contains a list of four companies that have been rated (on a 1 to 5 scale with 1 being low and 5 being high) on three weighted performance factors. Which of the following statements regarding this information is best?

 

Performance Factors

Weight

Excelsior

Phoenix

Mega

American

Quality

0.50

4

4

2

4

Cost

0.40

4

3

5

3

Speed

0.10

2

2

4

5

 

A) Phoenix is superior to American.

B) American is superior to Excelsior.

C) Mega is superior to Phoenix.

D) Excelsior is superior to Mega.

 

 

Solution
5 (1 Ratings )

Solved
Supply Chain Management 2 Years Ago 367 Views
This Question has Been Answered!
Unlimited Access Free
Explore More than 2 Million+
  • Textbook Solutions
  • Flashcards
  • Homework Answers
  • Documents
Signup for Instant Access!
Ask an Expert
Our Experts can answer your tough homework and study questions
13211 Supply Chain Management Questions Answered!
Post a Question