State the strategy for each of the perspectives of the balanced scorecard.
Definitions:
Suppliers
Entities that provide goods or services to another organization, usually in a business-to-business relationship.
Vendor Evaluation
The process of assessing and reviewing suppliers based on factors such as price, quality, service, and reliability to ensure they meet the company's standards and requirements.
Vendor Selection
The process of evaluating and choosing suppliers for goods or services based on criteria such as price, quality, and reliability.
Vendor Development
The process of improving and enhancing the capabilities of vendors to meet the procuring organization's supply chain requirements.
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