An organization purchases the same component from three different suppliers viz V1, V2 and V3. This is a critical component in the manufacturing operations of the company. The organization has collated last year’s performance of the suppliers as tabulated below. SupplierV1V2V3Quantity Supplied [nos.]11709761040Quantity Accepted [nos.]9669101040Unit price [Rs.]5253.655Delivery promised [days]151515Actual deliveries made in [weeks]181721WeightageQuality – 80%Price – 10%Delivery – 10% Evaluate the ratings of the three suppliers. 2. Based on the vendor rating, suggest suitable follow-up action.

Answered: An organization purchases the same…

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...

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An organization purchases the same component from three different suppliers viz V1, V2 and V3. This is a critical component in the manufacturing operations of the company. The organization has collated last year’s performance of the suppliers as tabulated below.

Supplier	V1	V2	V3
Quantity Supplied [nos.]	1170	976	1040
Quantity Accepted [nos.]	966	910	1040
Unit price [Rs.]	52	53.6	55
Delivery promised [days]	15	15	15
Actual deliveries made in [weeks]	18	17	21