supply chains

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  • supply chains
    • managing a supply chain
      • good relationship with suppliers
        • working closely
          • the firm can make sure processes are getting carried out efficiently and cost effectively
      • finding the best price and value
        • there are often many suppliers to choose from
      • reducing waste and unnecessary costs
        • companies should reduce waste whenever they can
          • e.g. they should only buy supplies they really need
            • this reduces waste from having to get rid of unused supplies
    • important factors when choosing a supplier
      • price
        • cheaper suppliers will often supply lower quality products
      • quality
        • quality needs to be consistent
        • customers can be more selective abt quality; via the internet
      • reliability
        • need to deliver high quality products on time

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