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David is in charge of buying materials for a clothing manufacturer. He has a list of suppliers and uses a multiattribute matrix to conduct vendor analysis to evaluate those suppliers.
A company or individual that is selling a good or service is known as a vendor. For their businesses to run smoothly, businesses rely on vendors to be able to meet their needs. Therefore, it is crucial for a business to select providers who can fulfill their needs. Vendor analysis is a procedure used by businesses to evaluate the competence of current or potential providers.
In order to locate the vendor who best meets their company's goals, vendor analysis first determines the strengths and limitations of each potential partner. Every time a business wants to identify a new vendor or assess the performance of one of its current vendors, a vendor analysis is carried out. Let's examine the vendor analysis procedure.
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David is in charge of buying materials for a clothing manufacturer. He has a list of suppliers and uses a multiattribute matrix to conduct _____ to evaluate those suppliers.
A. a vendor analysis
B. a "buying center" analysis
C. a value analysis
D. a "buy classes" analysis
E. a supplier analysis
