ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Negotiating prices and delivery times with the supplier would occur during which stage of the supply chain?
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Procurement
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Logistics
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Stock Control
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None of the above
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Explanation:
Detailed explanation-1: -Shell describes the process in four stages: Preparation, Exchanging Information, Bargaining, and Closing and Commitment.
Detailed explanation-2: -Stage 4: Negotiate the terms of a contract with the selected supplier. Once you have chosen the best-fit vendor, it’s time to move on to contract negotiations. In terms of successful procurement, this is one of the most critical stages by far.
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