What kinds of knowledge will a supplier provide that will be useful during the production of a new product?

Q: Don’t Drink And Drive Brewery (DDAD) produces beer and ale. Beer sells for $5.70 per barrel, and ale…

A: Profitability, in general, refers to the extent to which an organization, or a single business,…

Q: How can a buyer obtain reliable information on suppliers’ financial position? Explain Three…

A: At an early stage of the sourcing process, it is essential to carry out a financial evaluation of…

Q: What are the types of the supplier development and support?

A: Supplier development is the procedure of working with certain suppliers on a one-to-one base to…

Q: What criteria are most valuable when considering whether a supplier should be involved in a new…

A: The process of bringing or launching a new product into the market is known as new product…

Q: Why do so many buyers make critical supplier selection decisions without fully analyzing, knowledge…

A: Buyers are those who buy goods and services for the organization. They are best described as the…

Q: Discuss how an organisation develops a supplier evaluation and certification program?

A: The procedure that businesses employ to select vendors and suppliers for their goods or materials is…

Q: When might a purchaser select a supplier that is having financial difficulties?

A: ANSWER: Supplier selection and evaluation process include accessing new and existing suppliers with…

Q: Is it true or false that a purchase order is legally binding once if is officially issued by the…

A: The purchase order is used for different reasons, 1) Clear expectations about the product that…

Q: What is the difference between technical supplier development and supplier development?

A: Supplier development is a strategy adopted by business organizations to enhance the performance of…

Q: Why do many buyers make critical supplier selection decisions without fully analyzing and…

A: In procurement, supplier selection is a required step. Determine the business criteria and consult…

Q: Explain when might a purchaser select a supplier that is having financial difficulties?

A: Contacting new and existing suppliers to determine their delivery, management, and service quality…

Q: what methods are use for managing procurement risks?

A: Risk management plays an important role in every department within an organization where there are…

Q: What are the consequences for ensuring that any of the many sponsoring firms receives the best…

A: Sponsors provide money for merchandise and services that promote meetings, trade shows, teams, or…

Q: What are the corporate security risks with regard to vendor relations?

A: Vendor relationship management is focused on seeing the relationship among vendors with all due…

Q: What criteria are important when considering whether a supplier can be involved in a new fresh…

A: Suppliers play an important role in making a project successful.The task of choosing a supplier need…

Q: Do companies have an obligation to the employees of their suppliers? Why or why not

A: In a general context, companies are obliged to look after the interests and welfare of their…

Q: ways to improve the developing suppliers’ capabilities

A: Suppliers play an important role in product innovation, achieving productivity by supplying material…

Q: Why should a corporation successfully incorporate external suppliers?

A: In today's fast-paced and highly competitive business environment, corporations must be agile and…

Q: How do organizational buyers evaluate supplier performance?

A: To explain: The procedure of evaluating supplier performance by organization. Concept used:…

Q: What would a manager do if they noticed they received a damaged product after they signed the…

A: Shipping claims are important to be understood by both, the buyer and the vendor. Because for…

Q: Business success is pegged on the value for a product or service that a customer is willing to pay…

A: The suppliers consider the product which is locally fit, value for money, and value generation…

Q: Know when and how to apply supplier development tools, techniques, and approaches

A: Development is a process of creating growth, positive changes in something or someone in order to…

Q: What is supplier development and why are companies practicing it?

A: Truly Speaking , supplier development is closely related to supplier relationship management and is…