Supplier Performance Analysis Should Be Used to Build a Portfolio

question 20

True/False

Supplier performance analysis should be used to build a portfolio of suppliers with similar strengths.

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Definitions:

Void

A legal term indicating that an agreement or contract has no legal force or effect and is unenforceable.

Consideration

In legal terms, it refers to something of value that is exchanged between parties in a contract, making the agreement legally binding.

Breach of Contract

A situation where one or more parties involved in a contract fail to fulfil their legal obligations as outlined in that contract.

Writing Requirement

A legal stipulation that certain kinds of contracts must be in writing to be enforceable.