ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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If the company ties itself to one vendor, any problems on the contractor side can easily turn into problems for you, the customer.
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true
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false
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -A single vendor ecommerce website is a platform where only one seller can sell their products or services. The most popular example of a Single Vendor ecommerce website is Shopify.
Detailed explanation-2: -But while vendor management traditionally focuses on price and contract negotiation, supplier relationship management takes a more holistic view, with the practice driven by the need to build partnerships that can make a difference in both the short and long-term to the way the business operates.
There is 1 question to complete.