To discuss: The reasons due to which most of the firms are not having adequate supplier measurement system.
Introduction: Supply management is the process of managing the suppliers and raw materials or resources that are essential for the organization’s operations.
Explanation of Solution
Supplier measurement system:
Supplier measurement system helps to measure the performance of the supplier on a regular basis by evaluation and analysis.
The following are the reasons due to which most of the firms are not having adequate supplier measurement system:
Supplier measurement system would be difficult for the firm, as the firm needs to include every required criterion to evaluate a single supplier.
It would increase the overall operation time of the firm.
As the firm need to include all the criterion to evaluate a single supplier, it would be time consuming and costlier.
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Chapter 9 Solutions
Purchasing and Supply Chain Management