A Company Is About to Select a Vendor for the Outsourcing

question 69

Essay

A company is about to select a vendor for the outsourcing of all of its recycling requirements. It has identified four criteria critical to the selection. These criteria, and their importance weights, appear below. The score for each site is listed below. Which vendor has the highest composite score?
$$\begin{array} { | l | r | r | r | r | } \hline & \text { Weight } & \text { Vendor 1 } & \text { Vendor 2 } & \text { Vendor 3 } \\\hline \text { Factor 1 } & 0.27 & 6 & 9 & 6 \\\hline \text { Factor 2 } & 0.41 & 5 & 1 & 6 \\\hline \text { Factor 3 } & 0.14 & 4 & 3 & 2 \\\hline \text { Factor 4 } & 0.18 & 4 & 2 & 1 \\\hline\end{array}$$

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Definitions:

Assessing Core Skills

The process of evaluating an individual's essential abilities required for the performance of specific tasks or jobs.

Self-Selection

The process where individuals choose themselves based on their perception of fit or competence, often seen in job applicants or research participants.

Balance Sheet Approach

A method used in expatriate compensation that aims to equalize cost differences between the home country and the host country.

Compensating Expatriate Managers

The process of determining and providing adequate financial and non-financial benefits to managers who are temporarily assigned to work in foreign countries.