Asked by
Verified
Evaluation and rating systems that assign values such as excellent,very good,good,fair and poor to performance are known as objective rating systems.
Objective Rating Systems
Systems or methods used to evaluate or assess performance quantitatively, based on impartial and measurable criteria.
Evaluation
The systematic assessment of processes, systems, or organizations to measure performance, effectiveness, or value.
Rating Systems
Mechanisms or scales used to evaluate or grade a certain attribute or performance of entities, products, or services.
- Gain insight into the benchmarks and mechanisms for evaluating supplier efficiency.
Verified Answer
Learning Objectives
- Gain insight into the benchmarks and mechanisms for evaluating supplier efficiency.
Related questions
The Supplier Evaluation Process That Includes: (1)factors or Criteria for ...
An Example of a Semiformal Supplier Evaluation Tool Is ...
When Evaluating Suppliers,the Most Judgment Is Usually Required When Measuring ...
The Viability of Suppliers Is Especially Important for Suppliers Who ...
Scoring the Performance of Suppliers in Terms of Replenishment Lead ...