A firm purchases a product requiring high quality, but it is not a critical or high-value item. What is the targeted supplier qualification level for this product?
Correct Answer: A
The targeted supplier qualification level for a product requiring high quality, but not a critical or high-value item, is approved. Approved suppliers are those that have met the minimum requirements for supplying products or services to an organization, such as quality standards, delivery time, and price1. Approved suppliers are suitable for products or services that are not strategic or critical for the organization, but still require a certain level of quality and reliability2. The other options are not as appropriate for the given scenario. Preferred suppliers are those that have demonstrated superior performance and value over time, and that have established a long-term and collaborative relationship with the organization1. Preferred suppliers are suitable for products or services that are strategic or critical for the organization, and that require a high level of quality, innovation, and flexibility2. Certified suppliers are those that have been audited and verified by an independent third party, such as a certification body or a standard-setting organization, to comply with certain criteria or regulations1. Certified suppliers are suitable for products or services that are subject to strict quality, safety, or environmental requirements, and that need to meet the expectations of customers or regulators2.
Partnered suppliers are those that have formed a strategic alliance or a joint venture with the organization, and that share risks, costs, and benefits of the business relationship1. Partnered suppliers are suitable for products or services that are highly strategic or critical for the organization, and that require a high level of trust, commitment, and integration2.