How Can the Internet of Things Act as a Disruptive

question 61

Essay

How can the Internet of Things act as a disruptive force to change the way in which businesses function?

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Definitions:

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.

Unilateral Price Increase

A decision made by one party, usually the seller, to raise prices without the agreement or negotiation with the buyer.