Suppliers

SUPPLIERS

SUPPLIERS are other businesses that provide products/services to a firm.

SUPPLY CHAIN consists of a group of businesses that are involved in the different processes required to make a finished product/service.

Suppliers are important because:

• Lower costs --> impacts competitive advantage
• Impact of a good relationship --> impacts trade credit and leaves suggestions for improvement
• Provides raw materials to make product
• Impact on customer service

Factors to consider when choosing a supplier

• Quality of suppliers…