The supplier evaluation process that includes: (1) factors or criteria for evaluation, (2) the importance of each factor,and (3) a system for rating each supplier on each factor,is called a(n) :

A) weighted point evaluation.
B) executive roundtable evaluation.
C) categorical evaluation.
D) qualitative evaluation.
E) informal evaluation.

Weighted Point Evaluation

A method used to evaluate and compare suppliers based on certain criteria, where each criterion has a different level of importance or "weight".

Supplier Evaluation Process

A systematic approach to appraising and scoring suppliers based on their performance, reliability, quality, and capability to meet requirements.

Evaluation Criteria

The standards or benchmarks used to assess the quality, performance, or suitability of a product, service, or supplier.