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Chapter 36: Working with suppliers

What is a supplier a business or individual that provides goods and services to another
business

The supply chain

Origination ­ publishing manufacturing ­ distribution ­retail

Why suppliers are important

For a business to meet the needs and demands of its customers to needs as…

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Relationships between supplier and customer are finalised with a supply contract
Contract set out how a business and its supplier will work together
Key features of service agreement
Price
Disputes
Delivery

Suppliers and cash flow

Trade credit= where a business buys goods and services from a supplier and
pays for…

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