Certified in Production and Inventory Management (CPIM) Practice Test 3

Mr. Rodriguez, a supply chain manager at XYZ Corporation, is tasked with selecting suppliers for a critical component needed in the manufacturing process. After conducting thorough research, he identifies three potential suppliers, each offering different pricing structures, lead times, and quality assurances. Mr. Rodriguez needs to make an informed decision to ensure uninterrupted production while maintaining cost-effectiveness and quality standards. Question: Which action should Mr. Rodriguez prioritize to select the most suitable supplier?