The Three Stages of Vendor Selection, in Order, Are

question 92

Multiple Choice

The three stages of vendor selection, in order, are

• A) vendor evaluation, vendor development, and negotiations
• B) vendor development, vendor evaluation, and vendor acquisition
• C) introduction, growth, and maturity
• D) vendor evaluation, negotiations, and vendor development
• E) EDI, ERP, and ASN

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Definitions:

Aftermarket Parts

Repair parts that are purchased from a source other than the manufacturer of the original parts.

Completion Times

The amount of time taken to finish a specific task or project, often used to measure efficiency or productivity.

Community Colleges

Educational institutions that provide higher education and lower-level tertiary education, granting certificates, diplomas, and associate degrees.

Service Order

Also called a repair order (RO). This is a legal contract between the customer and the shop regarding the services to be performed. It contains pertinent customer information, vehicle information, and a record of services and repairs.