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
Section
Chapter 9, Problem 1DQ
Textbook Problem

Provide reasons why most firms do not have an adequate supplier measurement system.

Expert Solution
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.

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.

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