Which factor would not really influence a business making a choice of supplier?
The type of transport used by the supplier
The price charged by the supplier
The reliability of the supplier
What is lead time?
The costs a business has to pay to make a product
The amount of time taken between an order being placed and an order being received
A system of stock control where goods are only ordered and received just before they are required
Why might a company decide to choose a supplier located nearby?
Being local means they will be easier to work with
Transport and delivery costs are likely to be low
Being nearby means that problems will always be sorted out quickly
Which of the following would happen if the cost of raw materials increased?
Customer satisfaction would increase
The costs of production would increase
The costs of production would lower
When choosing a supplier which factor would have a direct effect on the standard of the finished product?
The price of the products supplied
The quality of the products supplied
The lead time of the products supplied