Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

Define methods which can be used to monitor supplier performance.

Methods to monitor supplier performance are as follows:

a. Approval of designs: The organisation comments on, its studies and at last approves designs, requirements, drawings and so many.

b. Progress meetings: These must be regular and/or tied to the completion of important deliverables.

c. Witnessing tests: To check which subcontracted products meet their design requirements.

d. Receipt of goods: Properly checking goods received to make sure that they are what were ordered, in the correct quantity and quality.

e. Checking invoices: To make sure that they are in accordance along with contracts and purchase orders and which the goods or services invoiced for have been given.

f. Risk management: Check onto how the subcontractor manages risk and assessing some risks which could impact onto the organisation or chief contractor.

g. Managing the customer interface: making sure that customers only talk to subcontractors by the organisation or major contractor.

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M9580980

Have any Question?


Related Questions in Business Economics

Health care issues are receiving much attention in both

Health care issues are receiving much attention in both academic and political arenas. A sociologist recently conducted a survey of citizens over 60 years of age whose net worth is too high to qualify for Medicaid and ha ...

Bob is interested in studying whether the average household

Bob is interested in studying whether the average household income in city A is lower than the national benchmark, μ 0  = $51,500. He collects income information from a random sample of 100 households, conducts a one-sam ...

In a survey of first graders their mean height was 499

In a survey of first graders, their mean height was 49.9 inches with a standard deviation of 3.15 inches. Assuming the heights are normally distributed, what height represents the first quartile of these students?

The tobacco industry is a prime example to consider when

The tobacco industry is a prime example to consider when talking about price elasticity of demand. While nicotine use can be addictive for many users, it is not addictive for the so-called "social smokers". What can we s ...

From a random sample of 41 teens it is found that on

From a random sample of 41 teens, it is found that on average they spend 31.8 hours each week online with a standard deviation of 3.65 hours. What is the 90% confidence interval for the amount of time they spend online e ...

A restaurant offers a 12 dinner special that has 7 choices

A restaurant offers a? $12 dinner special that has 7 choices for an? appetizer, 13 choices for an? entrée, and 4 choices for a dessert. How many different meals are available when you select an? appetizer, an? entrée, an ...

The table shows the results of a survey in

The table shows the results of a survey in which 400 adults from the? East, 400 adults from the? South, 400 adults from the? Midwest, and 400 adults from the West were asked if traffic congestion is a serious problem. Co ...

A firm undergoes a learning curve over its first few years

A firm undergoes a learning curve over its first few years of existence In its first year, its cost function is C(Q)= 128 + 3Q +  2q 2  with MC= 3 + 4Q In its second year, its cost function is C(Q)= 100 + 2Q +  q 2  with ...

Should we be renegotiating nafta yes or no if it is

Should we be renegotiating NAFTA? yes or no? If it is renegotiated, should it be replaced? What reasons would make it better in your point of view? What is the best argument you can make why NAFTA should or should not be ...

Question onethe following is the number of first year

QUESTION ONE The following is the number of first year students who selected the three mathematics units for trimester one; Unit Number of students Calculus only 20 Calculus but not Statistics 22 Calculus and Real analys ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As