Asked by
William Goodwin
on Dec 02, 2024
Verified
The most important factor in supplier selection is usually financial health.
Supplier Selection
The process of identifying, evaluating, and contracting with vendors or suppliers to acquire goods and services for business operations.
Financial Health
A measure of the financial stability and well-being of an entity, often evaluated through metrics like liquidity, solvency, and profitability.
- Evaluate supplier selection criteria and understand the importance of financial health among other factors.
Verified Answer
MG
Learning Objectives
- Evaluate supplier selection criteria and understand the importance of financial health among other factors.