Management

Week number 2, part 2 discussion has two sections.
Please review #7 at the end of chapter 2 in the blue exercise section on the Custom Bike Company on page 53. Answer both letter “a” and “b” questions. In addition, discuss the usefulness of matrices and why the weighting of criteria is essential to assessing a project’s overall value. As a supply chain professional, I have used scoring matrices to determine ranking among suppliers who answered bid requests. I hope to hear how a matrix may have been used in your profession or personal life.
Please post your response to the text questions in the chart format similar to the one on page 53. Follow the chart with a response to the discussion point using at least one reference. Any practical experience you may have using matrices in the manner described is encouraged to be part of your answer since this is how your learning and understanding will be elevated.

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