answersLogoWhite

0


Want this question answered?

Be notified when an answer is posted

Add your answer:

Earn +20 pts
Q: Should unit price be used as the sole criterion for selecting suppliers?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

Describe vendor selection process and criteria within supply chain.Should unit price be used as the sole criterion for selecting suppliers?

The vendor selection process in supply chain involves identifying potential vendors, evaluating their capabilities, negotiating terms, and making a final selection based on specific criteria such as quality, lead time, reliability, cost, and service level agreements. While unit price is an important factor, it should not be the sole criterion for selecting suppliers as other factors like quality, reliability, and vendor reputation can have significant impacts on overall supply chain performance. A balanced approach that considers a combination of cost, quality, and other factors is recommended for effective vendor selection.


Why does the supply line slope and to the right?

Because, as the price increases, suppliers are prepared to produce more units. Because, as the price increases, suppliers are prepared to produce more units. Because, as the price increases, suppliers are prepared to produce more units. Because, as the price increases, suppliers are prepared to produce more units.


What is the price at which consumers will purchase the same quantity of a product that suppliers will produce?

The equilibrium price is the price at which consumers will purchase the same quantity of a product that suppliers will produce.


If the price of a product is above the equilibrium price what is the result?

suppliers produce more than consumers want to purchase and the suppliers end up with surpluses.


What should I look for when selecting a spa resort?

When searching for a Spa resort you should inquire as to the ammenties that are includes. You shoud also ask about the price and what is included in the pricing.


How would suppliers react to a price increase for a product?

Suppliers supply more of the goods as and when prices of that commodity increases.


How do you write a letter for asking price reduction from suppliers due to raw material reduction?

price reduce letter


How much should you pay for a good hardhat?

You should pay no more then $50. There are tons of great safety suppliers. Just compare them all for the best price. All the hats should be virtually the same from each company.


Suppliers usually set their price to cover what two factor?

your mom and dad


What is the tendency of suppliers to offer more of a good at higher price?

Law of Supply


Why are price floors and price ceilings posed?

if the market price imposed by suppliers are too high for consumers then the price ceilings are imposed....if the market price is too low for the producers then price floors is imposed.


List of causes of unfavorable direct material price variance?

1.rise in price. if price will be higher than the budgeted price then unfavourable 2.shortage of suppliers. this led to increase in price