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Other than price, what should a buyer consider when evaluating supplier quotations?
Lead times
Add-on costs
Wastage rates
Past performance
Suggested Answer: A
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In addition to price, factors like lead times, add-on costs, and past performance are important to ensure the supplier meets the buyer's requirements sustainably and reliably. These criteria align with ethical sourcing by promoting value and accountability beyond just cost considerations.
12 comments · newest first
KI
Kirk
3 days ago
Wastage rates? Not sure how much that really matters.
AL
Alpha
8 days ago
I think add-on costs are super important too.
VI
Viola
13 days ago
Definitely consider lead times and past performance!
BO
Bonita
18 days ago
Totally agree with all those factors!
MA
Matthew
24 days ago
Wastage rates? Not sure how that impacts my decision.
CH
Chanel
29 days ago
Add-on costs can really add up, don’t overlook them!
AD
Adelle
1 month ago
I think past performance is crucial too.
ME
Merilyn
1 month ago
Definitely consider lead times!
VI
Victor
1 month ago
I thought wastage rates were less critical compared to lead times and add-on costs, but I could be mixing up the details from different topics.
RO
Rosendo
2 months ago
I feel like we covered something about evaluating supplier reliability, which might relate to past performance.
HE
Hermila
2 months ago
I think add-on costs are definitely important, but I can't recall if they were included in the practice questions we did.
VI
Viola
2 months ago
I remember discussing how lead times and past performance are crucial, but I'm not sure about wastage rates being a factor.