Question 8Beagle Clothiers uses a weighted score for the evaluation and selection of its suppliers of trendyfashion garments. Each supplier is rated on a 10-point scale (10 = highest) for four different criteria:price, quality, delivery, and flexibility (to accommodate changes in quantity and timing). Because ofthe volatility of the business in which Beagle operates, flexibility is given twice the weight of eachof the other three criteria, which are equally weighted (the sum of the four weights equals 1). Theattached table shows the scores for three potential suppliers for the four performance criteria.Based on the highest weighted score, which supplier should be selected?Supplier(Enter your total weighted score rounded to one decimal place).should be selected, with a total weighted score ofCriteria1. Price2. Quality3. Delivery4. FlexibilityRatingWeight Supplier A Supplier B Supplier C697865878975

Here, I would define the weight for each criterion, As per the question, Here, the weight for…

Answered: Based on the highest weighted score,…

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Similar questions

Why should the time required to assess and pick suppliers be reduced?
If there are many competing suppliers in a sector, should a prospective entrant prefer collaboration to competition? What factors should influence its decision?
Explain the importance of supplier relationships manufacturers dealing with shortages created by disruptions of supply chains for steel, aluminum, lumber, or other materials.
H.B. Fuller Corporation illustrates how first-hand information gained through supplier visits plays a large part in narrowing the supply base. Latin America sourcing manager Roy Calderón of H.B. Fuller narrows down his list of suppliers by obtaining first-hand information. Whenever possible, that means touring supplier plants and interacting with the supplier’s staff. “I have a technical and manufacturing background, so I first try to understand the logistical and manufacturing capabilities of a supplier, as well as their quality assurance process and systems,” says Calderón. What he sees at a supplier’s plant helps him determine how much H.B. Fuller, headquartered in St. Paul, MN, can expect from that supplier in the way of consistent quality. Calderón scrutinizes the plant’s infrastructure as well as its production staff. “Morale and work environment is hard to put into hard numbers or dollars, but it needs to be part of a supplier’s intelligence profile,” he says. Though he…
While price and product samples are desirable when selecting a supplier, are they sufficient?
Your company is considering a strategic change in its supplier relationships. Currently, you have been working with the same group of suppliers for several years, but due to changing market conditions and the need for cost savings, you are exploring the possibility of switching to new suppliers. Question What steps should be taken to effectively manage the transition from old to new suppliers ones?
Explain how easy is it to switch suppliers and what could complicate a firm's ability to switch to a new supplier ?
Explain what supplier growth is and why it is becoming more important in some companies.
The question "What are the best practises for integrating suppliers?" is one that has to be asked.
Your company is considering a strategic change in its supplier relationships. Currently, you have been working with the same group of suppliers for several years, but due to changing market conditions and the need for cost savings, you are exploring the possibility of switching to new suppliers. Question What are the key factors to consider when deciding to change suppliers strategically in the purchasing process?
Using the 7 step process for developing a supplier evaluation and selection survey, compare three suppliers of a product/service that you are familiar with (for example an online store where you purchase or have purchased products, local stores where you may shop, or an example of three suppliers for similar products where you work). In MS Excel, create a supplier evaluation survey similar to the one in Exhibit 7.7 with categories, sub-categories, and weights for each one based upon what you consider important in making a decision to purchase from a supplier. Using your evaluation form, rate each of the suppliers for the product/service based upon your observations. Provide your evaluation sheet and your scores in a format like the one presented in Exhibit 7.7. Evaluate the results and make a determination of which supplier you would select and why.

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Based on the highest weighted score, which supplier should be selected? should be selected, with a total weighted score of Supplier (Enter your total weighted score rounded to one decimal place).