Question

The supplier evaluation process that includes: (1) factors or criteria for evaluation, (2) the importance of each factor, and (3) a system for rating each supplier on each factor, is called a(n):

Answer 1

Considering the afore-listed process, the supplier evaluation process, in this case, is "weighted point evaluation."

What is Weighted Point Evaluation?

Weighted Point Evaluation is a term that is used to describe the point rating evaluation systems whereby there is an extensive analysis and comparison of solution alternatives.

For example, the weights assigned to each alternative solution must equal 100 percent. The main purpose is to increase the likelihood that the process is unbiased.

Hence, in this case, it is concluded that the correct answer is "weighted point evaluation."

Learn more about weighted point evaluation here: https://brainly.com/question/18882036