GK
BUSINESS MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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They need to be close to the customer
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the shorter the distance helps reduce carbon emissions which is good if you are promoting an ethical firm
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The cost of transporting products has to be considered
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the further away the supplier is the longer the raw materials will take to be delivered
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Detailed explanation-1: -Raw materials are the inputs used in the production process to create finished products that are ready to sell to consumers. This makes raw materials a vital piece of the global economy and international trade. Having natural resources that can serve as raw materials can boost exports and help a country grow its GDP.
Detailed explanation-2: -Raw Material Supplier means a company that supplies raw materials to companies that manufacture product packaging.
Detailed explanation-3: -The availability of factors of production, such as labour or raw materials, can affect the amount that can be produced and supplied. For example, if a firm producing motor vehicles experiences a shortage of steel for its body panels, then its ability to produce vehicles will be reduced.
Detailed explanation-4: -Sourcing is a one time process for a raw material. The sourcing activities are the Request for Quotes for new products, getting the vendor information, uploading the vendor information into the system, lead time, pricing, Minimum ordering quantity, standard packing quantity.