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.

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Definitions:

Market-Share Liability

A legal theory holding manufacturers proportionately liable for damages based on their market share of a harmful product.

Prescription Drugs

Medications that are legally dispensed only with a medical prescription due to their potential side effects or risk of misuse.

Product Caused Injury

Refers to harm that results from the use of a manufactured item, often leading to legal action based on claims of negligence or defects.

Strict Product Liability

A legal doctrine that holds sellers, distributors, or manufacturers liable for distributing a defective product to a consumer.