Suppliers and procurement (Edexcel GCSE Business): Quizzes
📚Quizzes
Practise the questions
12 questions from this quiz
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Practise the questions
12 questions from this quiz
What is procurement?
What is procurement?
Finding & selecting suppliers you need
Which four areas do suppliers directly impact?
Which four areas do suppliers directly impact?
Costs, flexibility, reliability, satisfaction
What does 'value for money' mean when choosing suppliers?
What does 'value for money' mean when choosing suppliers?
Good price relative to quality & service
What is a consequence of choosing the wrong supplier?
What is a consequence of choosing the wrong supplier?
Higher operational costs
Why are short lead times beneficial?
Why are short lead times beneficial?
Reduces stock needed & improves response
What does the Supplier-Business-Customer chain show?
What does the Supplier-Business-Customer chain show?
Issues at any point affect whole system
How can late supplier deliveries affect a business?
How can late supplier deliveries affect a business?
Can halt production processes entirely
What is a benefit of strong supplier relationships?
What is a benefit of strong supplier relationships?
Priority deliveries during busy periods
What do flexible delivery options include?
What do flexible delivery options include?
Adjusting quantities, schedules, rush orders
What might a bakery prioritise from suppliers?
What might a bakery prioritise from suppliers?
Reliable daily deliveries
How do flexible suppliers help businesses?
How do flexible suppliers help businesses?
Help meet changing customer demands
Why is communication important in supplier relationships?
Why is communication important in supplier relationships?
Suppliers share info on issues & changes