Supply Management Professionals Increasingly Measure the Percent of Certified Suppliers

question 18

True/False

Supply management professionals increasingly measure the percent of certified suppliers and the percent of orders (or dollars spent) from certified suppliers.

---

Definitions:

Supplier Selection

The process of evaluating and choosing suppliers based on criteria such as price, quality, reliability, and service to ensure the best value for the purchasing organization.

Supplier Criteria

Supplier criteria are the set standards or requirements that a company uses to evaluate and select suppliers, including quality, reliability, cost, and delivery performance.

Composite Score

An aggregate score that combines several individual metrics or scores into a single overall measurement, often used in assessments or evaluations.

Waste Management

The collection, transportation, and disposal or recycling of waste materials to minimize their adverse impacts on health, the environment, and aesthetics.