Working with suppliers 0.0 / 5 ? Business StudiesOperations managementASAQA Created by: shaimaxx98Created on: 23-03-15 17:52 Definition of suppliers an organisation that provides a business with the material it needs 1 of 12 factors to consider when choosing a supplier prices, payment terms, quality, capacity, reliability, flexibility 2 of 12 What do business gain from lower prices ? it can reduce selling prices and gain competitive lower prices. it can benefit from added value 3 of 12 Definition of payment terms the arrangements made about the timing of payments and any conditions 4 of 12 What are the two reasons for this type of agreements cash flow cycle, winning business 5 of 12 What does quality enable a business to do increase volume of its sales, increase its selling price and profit, create a usp enhance its reputation and customer brand 6 of 12 definition just in time a system where items of stock arrive just in time for production or sale 7 of 12 definition of flexibility where organization need to make radical changes to orders from suppliers 8 of 12 What are three types of suppliers ? accessories, capital items, components and suppliers 9 of 12 definition of accessories inexpensive items that are brought regularly 10 of 12 definition of capital items spending on equipment machinery and premises major investment not on a regular basis 11 of 12 definition of components these are the general inputs into the transformers process 12 of 12
Comments
No comments have yet been made