A method that assigns relative weights to the selection criteria and selects supplier with the maximum total score is the ______.
a. optimization method
b. factor rating method
c. analytic hierarchy process (AHP)
d. sourcing algorithm
b. factor rating method
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The big bang approach
a. is more ambitious and risky than the phased in approach. b. is a popular alternative to the phase-in approach. c. reduces the change of system failure. d. all of the above. e. none of the above.
Answer the following statements true (T) or false (F)
1. A key advantage of locating a plant in Mexico is that China’s manufacturing wages are up to 30% lower than in Mexico. 2. Risk of demand uncertainty is an example of logistical and transportation problems faced by companies that have operations in overseas locations. 3. Location decisions are nonsequential. 4. One of the steps in the factor rating method is to rate the importance of each factor on a scale of 1–5 (with 1 being low and 5 being very highly important).
What are three significant cost drivers that have been disregarded by traditional product costing system?
Write a note on the inputs into, and outputs from the marketing plan, with regard to the finance group of an
organization. What will be an ideal response?