Purchasing and Supply Chain Management
Purchasing and Supply Chain Management
6th Edition
ISBN: 9781285869681
Author: Robert M. Monczka, Robert B. Handfield, Larry C. Giunipero, James L. Patterson
Publisher: Cengage Learning
Question
Book Icon
Chapter 9, Problem 1DQ
Summary Introduction

To discuss: The reasons due to which most of the firms are not having adequate supplier measurement system.

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

Expert Solution & Answer
Check Mark

Explanation of Solution

Supplier measurement system:

Supplier measurement system helps to measure the performance of the supplier on a regular basis by evaluation and analysis.

The following are the reasons due to which most of the firms are not having adequate supplier measurement system:

Supplier measurement system would be difficult for the firm, as the firm needs to include every required criterion to evaluate a single supplier.

It would increase the overall operation time of the firm.

As the firm need to include all the criterion to evaluate a single supplier, it would be time consuming and costlier.

Want to see more full solutions like this?

Subscribe now to access step-by-step solutions to millions of textbook problems written by subject matter experts!