Discuss the Concept of Trustworthiness

question 9

Essay

Discuss the concept of trustworthiness.

---

Definitions:

Supplier Scoring

A method used to evaluate and rank suppliers based on various criteria such as delivery time, quality, cost, and reliability to improve purchasing decisions.

Procurement

The process of obtaining goods and services, including sourcing, negotiating, and strategic selection.

Buyback Contracts

Agreements where a seller commits to repurchase the product from the buyer at a specified price under certain conditions.

Variable Cost

A cost that changes in proportion to the level of output or activity in a business.