When using the ranking method of evaluating suppliers:
A) each supplier is ranked for overall suitability
B) important factors are selected and assigned a "weight"
C) suppliers are rated against each factor
D) weight and rating of each supplier is multiplied for each factor and the total taken as the ranking of the supplier
E) all the above are used.

Question

Quizplus · Accepted Answer

All of the options listed are used in the ranking method of evaluating suppliers. Each supplier is ranked for overall suitability, important factors are selected and assigned a weight, suppliers are rated against each factor, and the weight and rating of each supplier is multiplied for each factor and the total taken as the ranking of the supplier.

When Using the Ranking Method of Evaluating Suppliers