What are 4 techniques that can be used for seller selection? Please explain them

Expert Solution

The four techniques that can be used for seller selection are :

a. Seller rating systems : In this technique the sellers are rated based on their past the seller's past performance, quality of products, delivery performances. The seller with the highest rating is selected.

b. Expert judgement : Under this technique a review team is developed with people having expertise in different areas such as legal, design, finance, manufacturing, salea etc. This team then evaluate the various aapects of a proposal from different seller and provide their judgement. Based on that the seller is selected.

c. Weiging system : In this technique the various criterias are decided based on which the sellers are to be selected. A numerical value is assigned to each of the criteria. Each seller is rated on the different criteia and the weight is multiplied with the rating and the final score is calculated.

d. Independent estimates : This technique involves setting the minimum requirement for the criterias. The sellers are raked from best to worst based the requirements.

keosha answered 2 years ago

explain at least three techniques used by managerial accounts - the concept and critically analyzed them...

explain at least three techniques used by managerial accounts - the concept and critically analyzed them with the support of articles.

what are projective techniques and how can they be used profitably

What are the main computerised assisted auditing techniques (CAATS)? What factors can impact the selection of...

What are the main computerised assisted auditing techniques (CAATS)? What factors can impact the selection of each computerised auditing technique?

please explain methods that can be used for varying the speed of induction machine (min 4...

please explain methods that can be used for varying the speed of induction machine (min 4 method)

List and briefly explain four forecasting techniques that can be used to analyse data.

There are various selection structures that can be used in programming. What are the different relational...

There are various selection structures that can be used in programming. What are the different relational operators used in selection structures in the Python programming language? Also, explain what short-circuiting is with respect to compound conditional expressions in Python. Provide examples to support your response in addition to constructive feedback on the structures and circumstances posted by your peers. Provide at least one reference to support your findings.

Adverse selection occurs in the used car market because: Question 17 options: A) the seller has...

Adverse selection occurs in the used car market because: Question 17 options: A) the seller has more information than the buyer. B) both the buyer and the seller have incomplete information. C) the buyer has more information than the seller. D) Any of these could be the cause of adverse selection in the used car market.

Explain the constitutional process for the selection of federal judges. What are the criteria used by...

Explain the constitutional process for the selection of federal judges. What are the criteria used by presidents to make their selections? How do the criteria change if the president is a Democrat as opposed to a Republican? What is the role of the Senate? How has this role changed over the years? How is it different if the president’s party controls Congress than if the opposition controls Congress? please answer all.

3. Identify techniques that can be used for hedging.

What are some of the concentration techniques used in fecal examination? Explain each.

Question