Evaluating Suppliers Before There Is an Actual Purchase Requirement Can

question 61

True/False

Evaluating suppliers before there is an actual purchase requirement can provide a great deal of flexibility to a purchaser.

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Definitions:

Effective

The degree to which something is successful in producing a desired or intended result.

Pay Equity Legislation

Laws designed to reduce the wage gap between genders and different ethnic groups by ensuring equal pay for work of equal value.

Job Comparison Methods

Techniques used to evaluate and compare the responsibilities, requirements, and value of jobs within an organization to ensure fair and equitable compensation.

Relative Worth

The value or importance of a job, task, or item compared to others, often assessed in the context of job evaluations or market value.