L3M5 practice question 5 of 15
What is being defined here: ‘The assessment of a potential supplier’s capability of controlling quali- ty, delivery, quantity, price and all other factors to be embodied in a contract’?
Full set: 90 questionsCorrect Answer:
B. Supplier appraisal
Explanation
Pre-contracting a supplier, the term 'supplier appraisal' is favoured by CIPS; whereas once the sup- plier is in use, 'vendor rating' is the preferred term for monitoring actual performance.
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