Suppliers

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  • Created by: skyblue97
  • Created on: 17-04-14 16:13

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

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