Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Factors that determine how extensive and robust a supplier selection process might be are: Supplier search and comparison on basis of price, delivery, payment terms,

Factors that determine how extensive and robust a supplier selection process might be are: Supplier search and comparison on basis of price, delivery, payment terms, other terms & conditions, market reputation, response time, customer satisfaction quotient and relationship building. Negotiation for optimization. Response to customer feedback and complaints. Price contracts for regularly required products. The performance of the supplier and the inbound logistics activities have an impact on the final customer in terms of on-time delivery, quality as per customer standards, efficiency and able to match the professional commitments w.r.t. several aspects. The supply chain management has a very vital role in the achieving customer satisfaction

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

An Introduction To Management Science Quantitative Approaches To Decision Making

Authors: David R. Anderson, Dennis J. Sweeney, Thomas A. Williams, Jeffrey D. Camm, James J. Cochran

16th Edition

0357715462, 978-0357715468

More Books

Students also viewed these General Management questions

Question

How does your message use nonverbal communication?

Answered: 1 week ago

Question

What reactive strategies might you develop?

Answered: 1 week ago