BuyFind

Purchasing and Supply Chain Manage...

6th Edition
Robert M. Monczka + 3 others
Publisher: Cengage Learning
ISBN: 9781285869681
BuyFind

Purchasing and Supply Chain Manage...

6th Edition
Robert M. Monczka + 3 others
Publisher: Cengage Learning
ISBN: 9781285869681

Solutions

Chapter 7, Problem 1DQ
Textbook Problem

Why do organizations commit the resources and time to evaluate suppliers before making a supplier selection decision?

Expert Solution
Summary Introduction

To discuss: Why organizations commit time and resources to evaluate suppliers.

Introduction: Supply management is the process of managing the suppliers and raw materials or resources that are essential for the organization’s operations.

Explanation of Solution

Discuss why organizations commit time and resources to evaluate suppliers:

Evaluation of suppliers is important for any firm to choose the effective suppliers. It will help the firm to increase the market share and to improve the profit of the firm.

The firm might end up choosing ineffective or poor supplier if it does not evaluate the factors before choosing a supplier. A bad supplier will bankrupt the company through poor product quality and costly products.

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