ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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When considering a potential supplier to work with, businesses should think about the supplier’s:
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Price
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Lead time
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Credit terms
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Reputation
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Location
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Explanation:
Detailed explanation-1: -Reliability should be another key consideration for choosing suppliers. Reliable suppliers deliver the right goods or services on time, as aforementioned. Large suppliers are generally reliable because they have enough resources and systems in place to make sure they can still deliver if anything goes wrong.
Detailed explanation-2: -Check Certifications. Evaluate The Geo-Political Climate. Finding Reputable Suppliers On The Thomas Network. Gauge Financial Stability. Assess Weather-Related Risk. Align Manufacturing and Shipping Locations To Your Needs. Carefully Review Product Information. More items •04-Aug-2020
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