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You have just obtained for your company a large contract. As you enter a business meeting, the CEO of the company, who has never acknowledged you before, comes over to you and compliments you on your work. You attribute this compliment to
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.
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