The Advantages of Dealing with Established Suppliers-Certified by P/OM for Their

question 77

Multiple Choice

The advantages of dealing with established suppliers-certified by P/OM for their current capabilities-must be _____

• A)weighed against the advantages of using start-up suppliers with new ideas.
• B)weighed against the problems of switching suppliers because their prices are lower.
• C)weighed against the strategy of switching purchasing agents to reduce the bonds of friendship between buyer and supplier.
• D)weighed against the community's expectations that local suppliers will be used.

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Definitions:

Standard Deviation

A measure used to characterize the degree of spread or variation among a dataset's elements.

Process Distribution

It refers to the statistical distribution that characterizes how outcomes behave over a process, showing variations and their likelihood.

S Chart

A control chart used for monitoring the variability of a process based on sample standard deviation.

Process Capability Index

A statistical measure of a process's ability to produce output within specified limits, reflecting the process's performance and capability.