Certified Professional in Supplier Diversity (CPSD) Practice Test 2

Scenario: Mrs. Smith is a procurement manager at a manufacturing company. She is tasked with selecting a new supplier for a critical component used in their flagship product. After conducting thorough market research, she has narrowed down the options to three potential suppliers. However, she is unsure about the best approach to evaluate and select the most suitable supplier. Question: What should Mrs. Smith prioritize when evaluating potential suppliers for the critical component?