Supplier Selection Analysis
Student Tip 
The factor-weighting model adds objectivity to decision making.
Selecting suppliers from among a multitude of candidates can be a daunting task. Choosing suppliers simply based on the lowest bid has become a somewhat rare approach. Various, sometimes competing, factors often play a role in the decision. Buyers may consider such supplier characteristics as product quality, delivery speed, delivery reliability, customer service, and financial performance.
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LO S11.3 Describe the factor-weighting approach to supplier evaluation
The factor-weighting technique, presented here, simultaneously considers multiple ...
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