Evaluating a Supplier's Performance in Categories Such as Price,EDI Capability,delivery

question 238

Multiple Choice

Evaluating a supplier's performance in categories such as price,EDI capability,delivery times,and attention to special requests is known as:

• A)value analysis.
• B)customer relationship management.
• C)vendor analysis.
• D)task-based evaluation.

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Definitions:

Randomized Block

A design of experiment that aims to reduce variation from confounding variables by grouping them into blocks before randomly applying treatments within each block.

Analysis of Variance

A statistical method used to test the differences between two or more means by analyzing variance.

Matched Pairs

refers to a design in experiments where each case has a unique counterpart for comparison, minimizing variability.

Interval

A range of numbers between two set points, often used in mathematics and statistics to specify subsets of the real number line.