ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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Farmer
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Market
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Rice Mill
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Cargo ship
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Detailed explanation-1: -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
Detailed explanation-2: -Services. These include suppliers of electricity, water, telephones, IT, email, website hosting, stationery, facilities, transport, etc. Sub-contractors. If you’re in a trade business, these will include other tradespeople. Manufacturers/producers. Distributors. Importers.
Detailed explanation-3: -Quality and reliability. The quality of your supplies needs to be consistent-your customers associate poor quality with you, not your suppliers. Speed and flexibility. Value for money. Strong service and clear communication. Financial security.