I need a respond to the entry down below please, The cheapest vendor isn't necessary the lowest cost. Prefered vendors can save time, effort, or manpower. They ultimately contribute to a better overall product and bottomline. They are prefered because they typically have tested experience. Imagine a project starting off on the wrong track because the cheapest vendor made a small error. It would then cost so much more money down the line to reverse the issue. the original question is down below, Some experts recommend working with preferred vendors even if their prices are higher than other vendors. Why do you think this is the case?
I need a respond to the entry down below please, The cheapest vendor isn't necessary the lowest cost. Prefered vendors can save time, effort, or manpower. They ultimately contribute to a better overall product and bottomline. They are prefered because they typically have tested experience. Imagine a project starting off on the wrong track because the cheapest vendor made a small error. It would then cost so much more money down the line to reverse the issue. the original question is down below, Some experts recommend working with preferred vendors even if their prices are higher than other vendors. Why do you think this is the case?
Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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I need a respond to the entry down below please,
The cheapest vendor isn't necessary the lowest cost. Prefered vendors can save time, effort, or manpower. They ultimately contribute to a better overall product and bottomline. They are prefered because they typically have tested experience. Imagine a project starting off on the wrong track because the cheapest vendor made a small error. It would then cost so much more money down the line to reverse the issue.
the original question is down below,
Some experts recommend working with preferred vendors even if their prices are higher than other vendors. Why do you think this is the case?
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