Factor Rating Method Notes: Definitions & Explanations PDF | Download eBooks
Study Factor Rating Method lecture notes PDF with supply chain management definitions and explanation to study What is Factor-rating method?. Study factor rating method explanation with SCM terms to review supply chain management course for online MBA programs.
Factor Rating Method Definition:
A location method that instills objectivity into the process of identifying hard-to-evaluate costs.
Operations Management: Sustainability and Supply Chain Management by Jay Heizer, Barry Render, Chuck Munson
Factor Rating Method Notes:
The Center of Gravity Method is a methodology that tries to figure geographic directions for a potential single new office that will limit costs. It's a methodology where the primary information sources that it considers are the accompanying: Markets, Volume of products transported, Shipping costs. This technique is helpful in light of the fact that it's (1) Simple to register, (2) Considers existing offices, (3) and Minimizes costs.
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