The ____ supplier evaluation system seeks to quantify the total cost of doing business with a supplier,as the lowest purchase price is not always the lowest total cost for an item or service.
A) Six Sigma
B) zero defects
C) cost-based
D) categorical
E) weighted-point

Question

Quizplus · Accepted Answer

The cost-based supplier evaluation system considers not only the purchase price but also other costs associated with doing business with a supplier, such as shipping costs, quality control costs, and maintenance costs. This system allows organizations to select suppliers who offer the best value for money and helps them to avoid hidden costs that may arise during the purchase process.

The ____ Supplier Evaluation System Seeks to Quantify the Total