Asked by
Haley Burton
on Oct 18, 2024
Verified
The selection of suppliers,design of supplier contracts,product design collaboration,procurement of material,and evaluation of supplier performance are a part of
A) procurement.
B) sourcing.
C) supplier scoring and assessment.
D) supplier selection.
Supplier Contracts
Legal agreements between businesses and their suppliers that define the terms and conditions of the supply of products or services.
Product Design Collaboration
The cooperative effort between different departments or organizations to design a product, enhancing innovation and efficiency.
- Attain an understanding of the sourcing process and its pivotal importance in the supply chain.
- Acknowledge the necessity of assessing different dimensions in the comparison and selection of suppliers.
Verified Answer
KP
Learning Objectives
- Attain an understanding of the sourcing process and its pivotal importance in the supply chain.
- Acknowledge the necessity of assessing different dimensions in the comparison and selection of suppliers.