ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Tier 1
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Tier 2
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Tier 3
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Tier 4
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Detailed explanation-1: -Here, the original equipment manufacturer (OEM) is at the top of the supply chain pyramid. A tier 1 vendor is a company that is a direct supplier for an OEM.
Detailed explanation-2: -Tier one companies are generally the largest or the most technically-capable companies in the supply chain. They have the skills and resources to supply the critical components that OEMs need and they have established processes for managing suppliers in the tiers below them.
Detailed explanation-3: -Tier 1 suppliers are companies that supply parts or systems directly to OEMs. These suppliers usually work with a variety of car companies, but they’re often tightly coupled with one or two OEMs, and have more of an arms-length relationship with other OEMs.