Why must the time it takes to evaluate and select suppliers decrease?
Chapter13: Supply Chain Management And Marketing Channels
Section: Chapter Questions
Problem 2LO
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Why must the time it takes to evaluate and select suppliers decrease?
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A supplier is an individual or business which supplies another entity with a product or service. A supplier's position in a company is to supply high-quality goods to a distributor or retailer for resale from a producer at a good price. A supplier in a corporation is someone who serves as an intermediary between the producer and the seller, ensuring that contact is forthcoming and that stock is of acceptable quality.
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