How Does ERP's Materials Management Module Assist in Vendor Selection

question 78

Multiple Choice

How does ERP's materials management module assist in vendor selection?

• A) It links the quotation documents with the requisition.
• B) It downloads product information from the vendor's system.
• C) It provides a 100-point scoring system to evaluate vendors.
• D) It sends rejection letters to vendors whose bids are not accepted.

---

Definitions:

Geometric Mean

The nth root of the product of n numbers, used especially for sets of positive numbers.

Standard Deviation

A measure that quantifies the amount of variation or dispersion of a set of data values from the mean.

Variance

A measure of variability that describes the spread of a data set or distribution, calculated as the average of the squared differences from the mean.

Population Parameter

A numerical value that represents a characteristic of an entire population, such as its mean or variance.