GK
BUSINESS MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
|
|
supplier will deliver when they say they will
|
|
|
the opening and closing times of the supplier
|
|
|
what people think of the supplier
|
|
|
the branding of the supplier
|
Detailed explanation-1: -DEFINITION OF A RELIABLE SUPPLIER Reliability is simply defined as the ability of a company to consistently supply an acceptable product at the required time.
Detailed explanation-2: -Reliability is essential in implementing an operative supply chain management strategy since it enhances productivity and cuts costs. It also warrants inventory to be delivered to customers’ on-time. On-time, consistent performance is frequently attributed to shipper/carrier collaboration.
Detailed explanation-3: -It’s determined by calculating the ratio of the number of times the products were made available by the supplier to the total number of orders placed with them. By monitoring the supplier availability values, you can establish how reliable they are in the face of urgent demands.
Detailed explanation-4: -Our findings suggest that reputation plays a crucial role more than classical criteria; in particular, suppliers, which serve a diversified customer portfolio or with strong exposure to premium brand customers have better chances to gain additional orders and broaden their customer base even more.