ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A nearby vendor who is reliable
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A far away vendor who is reliable
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A nearby vendor who is unreliable
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A far away vendor who is unreliable
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Detailed explanation-1: -Types of Vendors Manufacturer: Manufacturers turn raw materials into finished goods and sell them to wholesalers and retailers. Retailer: Retailers are companies that buy products from other vendors and sell them to consumers. For example, Target is a vendor that sells home appliances and other home products.
Detailed explanation-2: -Quality and reliability. The quality of your supplies needs to be consistent-your customers associate poor quality with you, not your suppliers. Speed and flexibility. Value for money. Strong service and clear communication. Financial security.
Detailed explanation-3: -Accountability for quality issues. Production capabilities. Expertise in your product type and target market. Culture fit: the best suppliers are willing to work with you. Ease of communication. Cooperation with third-party QC. More items •09-Oct-2018