ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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The supplierselection process should be well-planned andwell-executed to ensure that the best supplieris selected for the project.
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true
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false
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -The steps are: recognize a supplier selection need, identify supply requirements, determine a supply strategy, identify potential suppliers, reduce the number of suppliers in the selection pool, conduct a formal evaluation, and select a supplier and reach agreement.
Detailed explanation-2: -Supplier Selection Criteria. First Stage: Evaluating Offers. Second Stage: Operational Capacity Analysis. Third Stage: Technical Capability Determination. Fourth Stage: Financial Analysis. Conclusion. 27-Feb-2019
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