Certification in Supplier Diversity Practice Exam

Which of the following is NOT considered a specific measure for diverse suppliers?

1. Project lifetime cost

2. Team performance reviews

3. Non-conformance cost

4. Switching cost

The correct answer is: Team performance reviews

The choice that is not considered a specific measure for diverse suppliers is team performance reviews. This option pertains more to the evaluation of the overall team's effectiveness and collaboration rather than directly assessing the performance or qualifications of diverse suppliers themselves. When discussing diverse suppliers, the focus is often on metrics that take into account the financial, operational, and performance-related aspects specifically associated with those suppliers. For instance, project lifetime cost evaluates the long-term expenses associated with a supplier’s services, non-conformance cost measures the financial impact of failing to meet quality standards, and switching cost considers the costs incurred when a company decides to change suppliers. In contrast, team performance reviews generally measure how individuals within a team contribute to collective productivity and objectives, lacking a direct correlation to the diversity measures of suppliers.