1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
mel-nik [20]
3 years ago
7

________ determines the criteria for supplier selection and adds and removes suppliers from the list of approved suppliers. The

Procurement Process The Supplier Evaluation Process Supply Chain Management (SCM) Data Sharing
Business
2 answers:
SOVA2 [1]3 years ago
8 0

Answer:

The Supplier Evaluation process

Explanation:

The supplier evaluation process are usually done for companies through certain quantitative and qualitative evaluation measures. It is simply aimed at assessing and approving a pool of potential suppliers the companies can be using from time to time.

The performances of these suppliers are measured and monitored for the purpose of reducing the costs of goods that are needed on a constant basis.

Kamila [148]3 years ago
7 0

Question:

________ determines the criteria for supplier selection and adds and removes suppliers from the list of approved suppliers.

A) The Procurement Process

B) The Supplier Evaluation Process

C) Supply Chain Management (SCM)

D Data Sharing

Answer:

The correct answer is Supplier Evaluation process          

Explanation:

Supplier evaluation refers to the process of assessing and approving potential suppliers by quantitative and qualitative tests. The purpose is to ensure a portfolio of best-in-class suppliers is available for use.

Companies that regularly evaluate the performance of their suppliers find that they have better visibility into supplier performance, remove hidden charges, reduce risk, get a competitive advantage by reducing order cycle times and inventory, gain insight on how to elevate on their supply base, and align practices between the company management and the suppliers.

Cheers!

You might be interested in
The free enterprise system is a type of economy that:
neonofarm [45]

Answer:

B. allows businesses to operate without much government

interference.

Explanation:

The free enterprise system is an economic model where government participation is minimal. The private sector owns the majority of factors of production. The laws of supply and demand determine market prices, the type, quality, and quantity of goods to be availed for sale.

The government's role is mainly regulatory. Buyers and sellers have the freedom to choose what to sell or buy. Profits are a big motivation to do business under the free enterprise system.

3 0
3 years ago
How would the inventory cost change if labeling and packing were moved to the DC? Assuming the demands are independent of each o
umka2103 [35]

Answer:

Firstly packaging and labeling costs can be either be charged on variable overheads cost or on selling overheads costs( distribution and marketing cost).

Assuming they are charged on Selling overheads cost:

There are no figures to illustrate the change on inventory cost as a result of moving Labeling and packaging from selling overheads to Direct Costs ( DC) but indefinitely when there are new costs charged to the direct costs of inventory, inventory cost will increase by their exact costs.

If they are charged on Variable overheads then they are already part of inventory cost as is variable cost on Work in process therefore there wont be change in inventory cost just change in direct material.

Explanation:

6 0
3 years ago
Today only, a table is being sold for $217 . this is 62% of its regular price. what was the price yesterday?
Troyanec [42]
If yesterday's price was the regular price then the equation $217=62%x can be used to solve for x. so x = $217/0.62=$350. To check the answer, multiply $350 by 0.62 = $217. In other words, x is the unknown regular price so 0.62 times x = $217 and then cross multiplying means dividing $217 by 0.62, to get the answer.
8 0
3 years ago
Following are the transactions of a new company called Pose-for-Pics. Aug. 1 Madison Harris, the owner, invested $7,400 cash and
adelina 88 [10]

Answer:

Pose-for-Pics

1. T-accounts:

Cash

Date     Account Title               Debit     Credit

Aug. 1   Common stock       $7,400

Aug. 2  Prepaid insurance                   $3,000

Aug. 5  Office supplies                             970

Aug. 20 Photography Fees   4,231

Aug. 31 Utilities                                         765

Aug. 31 Balance                                  $6,896

Common Stock

Date     Account Title        Debit     Credit

Aug. 1   Cash                                 $7,400

Aug. 1   Photography equipment 34,400

Aug. 31 Balance             $41,800

Photography Equipment

Date     Account Title        Debit     Credit

Aug. 1   Common stock    $34,400

Prepaid Insurance

Date     Account Title        Debit     Credit

Aug. 1   Cash                   $3,000

Office Supplies

Date     Account Title        Debit     Credit

Aug. 1   Cash                    $970

Photography Fees

Date      Account Title        Debit     Credit

Aug. 20 Cash                                 $4,231

Utilities Expense

Date     Account Title        Debit     Credit

Aug. 31 Cash                    $765

2. Trial Balance

As of August 31

Account Title          Debit     Credit

Cash                     $6,896

Common stock                   $41,800

Equipment           34,400

Prepaid insurance 3,000

Office supplies         970

Photography fees                  4,231

Utilities expense      765

Totals                $46,031   $46,031

           

Explanation:

Before transactions are posted to the T-accounts (General Ledger) they are recorded in the General Journal.  The T-accounts summarize the transactions into various ledger accounts.  Periodically, the accounts are balanced and a trial balance is extracted to check if the posting is error-free.

6 0
3 years ago
Question 3 (1 point)
Neporo4naja [7]

Answer:

Bank tellers are responsible for handling customer financial transactions like deposits, withdrawals, transfers, money orders, and checking. ... A bank teller's duties also may include counting cash, answering phones, filing deposit slips and paperwork, managing ATM deposits, and balancing numbers at the end of the day.  umm sooo true I think.

Explanation:

5 0
3 years ago
Other questions:
  • Which of the following types of value chain processes directly creates and delivers goods and services to customers?
    14·1 answer
  • Consumers' affinity for sports brands may be immune to threats other brands face, such as competition for attention and switchin
    14·1 answer
  • A ___________ makes databases more useful for obtaining information.
    11·1 answer
  • What should you do in order to make sure you fund the most important financial goals first?
    11·2 answers
  • Provide an economic argument for why the U.S. is home to 25% of global prisoners.
    13·1 answer
  • Which of the following can be an advantage of a limited liability company over an S corporation? a. Double taxation of profits i
    10·2 answers
  • The phase of a weight-training program in which most of the strength gains are realized is the ________ phase science-forums
    8·1 answer
  • Loren and Kendra enter into a contract for the distribution of Loren’s produce to local restaurants for which he agrees to pay K
    9·1 answer
  • Bethesda Water has an issue of preferred stock outstanding with a coupon rate of 4.20 percent that sells for $90.86 per share. I
    15·1 answer
  • Many employment contracts have mandatory arbitration clauses.<br><br><br> False<br><br> True
    8·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!