The Bennet Company purchases one of its essential raw materials from three suppliers. Rennet?s current policy is so distribute purchases equally among the three. The owner?s son, Benjamin Rennet, just graduated from a business college. He proposes that these suppliers be rated (high numbers mean a good performance) on six performance criteria weighted as shown in the table. A total score hurdle of 0.60 is proposed to screen suppliers. Purchasing policy would be revised to order raw material from suppliers with performance scores greater than the total score hurdle, in proportion to their performance rating scores.
a. Use a preference matrix to calculate the total weighted score for each supplier.
b. Which supplier(s) survived the total score hurdle? Under the younger Bennett?s proposed policy, what proportion of orders would each supplier receive?
c. What advantages does the proposed policy have over the currentpolicy?
This question was answered on: Jul 11, 2017
Need a similar solution fast, written anew from scratch? Place your own custom order
We have top-notch tutors who can help you with your essay at a reasonable cost and then you can simply use that essay as a template to build your own arguments. This we believe is a better way of understanding a problem and makes use of the efficiency of time of the student. New solution orders are original solutions and precise to your writing instruction requirements. Place a New Order using the button below.