ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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There are many things to keep in mind when selecting a vendor ____ Such as price-points, reliability, and location
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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: -In a nutshell it goes like this: A) Define Requirements (What do you expect from the service/product), B) Request for Proposal (Ask potential vendors to respond to your requirements) and finally C) Evaluate Responses and make your choice.
Detailed explanation-2: -Supplier cost. Probably the most obvious – but equally important – factor to take into consideration when looking for new suppliers, is cost. Quality. Reliability and previous experience. Shared culture. Location.
Detailed explanation-3: -Supplier Selection Criteria. First Stage: Evaluating Offers. Second Stage: Operational Capacity Analysis. Third Stage: Technical Capability Determination. Fourth Stage: Financial Analysis. Conclusion. 27-Feb-2019
There is 1 question to complete.