Certified in Production and Inventory Management (CPIM) Practice Test 19

Scenario: Mr. Thompson, a procurement manager at XYZ Company, is tasked with selecting a supplier for a critical component used in their manufacturing process. After conducting thorough market research, he has narrowed down his options to two potential suppliers. Supplier A offers a lower price per unit but has a longer lead time for delivery. Supplier B, on the other hand, offers a slightly higher price but guarantees a shorter lead time. What should Mr. Thompson prioritize in this situation?