BUSINESS ADMINISTRATION
MANAGEMENT INFORMATION SYSTEM
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
Experience and stability
|
|
|
Cost and delivery time
|
|
|
Location and product mix
|
|
|
Reputation and trial run
|
Detailed explanation-1: -When selecting a vendor, two criteria to assess first are experience and stability: Experience with very similar systems of similar size, scope, and requirements. Experience with the ITs that are needed, integrating those ITs into the existing infrastructure and the customer’s industry.
Detailed explanation-2: -Vendor management is the process that empowers an organization to take appropriate measures for controlling cost, reducing potential risks related to vendors, ensuring excellent service deliverability and deriving value from vendors in the long-run.
Detailed explanation-3: -What influences investments in social, mobile, analytics, cloud, and other digital technology resources? IT strategy directs investments in social, mobile, analytics, cloud, and other digital technology resources.