SOLVED

Section 4Â Â Supplier Selection Analysis 1) When using the factor weighting approach, most companies will use the same list of criteria and the same criteria weights. 2) The factor weighting model is an attempt to add subjectivity to decision making when selecting among suppliers. 3) Choosing suppliers simply based on the lowest bid has become a somewhat rare approach. 4) A grocery store is trying to find a new supplier for carrots. Its three most important supplier criteria are freshness, lot size, and cost, with factor weights of 0.6, 0.1, and 0.3, respectively. What would a supplier with ratings of 6, 8, and 10 in the three respective categories score as a weighted total? A) 24 B) 1 C) 7.4 D) 9.8 E) 8 5) An industrial producer is searching for a supplier for ball bearings. Its three most important supplier criteria are price, quality, and delivery reliability. The firm has decided that quality and delivery reliability should carry the same weight, and that each of them are twice as important as price. If the weights sum to 100%, what would a supplier with ratings of 40, 90, and 75 in the three respective categories score as a weighted total? A) 37 B) 370 C) 49 D) 205 E) 74 6) Which of the following is NOT REQUIRED information to obtain to conduct the factor weighting technique in supplier selection analysis? A) a set of supplier criteria B) a weight for each supplier criterion C) a score for each potential supplier on each criterion D) a qualitative scale on which to rate suppliers E) a numerical scale on which to rate suppliers 7) Which of the following elements of the factor weighting technique in supplier selection analysis does NOT contain a certain degree of subjectivity? A) the formula used to calculate the total weighted score for each supplier B) the weights applied to each supplier criterion C) the scores for each potential supplier on each criterion D) the set of supplier criteria E) the numerical scale used to rate suppliers 8) The ________ model adds objectivity to decision making when selecting suppliers.