Working with suppliers (OCR GCSE Business): Quizzes
📚Quizzes
Practise the questions
11 questions from this quiz
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Practise the questions
11 questions from this quiz
What is procurement in a business?
What is procurement in a business?
Management of purchasing & obtaining goods
Which factor influences identifying goods and services to buy?
Which factor influences identifying goods and services to buy?
Seasonal demand
What is the benefit of accurate identification of goods to buy?
What is the benefit of accurate identification of goods to buy?
Meets demand & avoids overstocking
Which factors influence choosing suppliers?
Which factors influence choosing suppliers?
Quality, cost, reliability & delivery speed
Why is selecting reliable suppliers crucial?
Why is selecting reliable suppliers crucial?
Maintains quality & customer satisfaction
What influences decisions when ordering goods and services?
What influences decisions when ordering goods and services?
Order quantity, lead time & payment terms
What do efficient ordering processes help maintain?
What do efficient ordering processes help maintain?
Adequate stock without excess inventory
What should be checked when receiving deliveries from suppliers?
What should be checked when receiving deliveries from suppliers?
Quality, order accuracy & storage needs
What problem can delays from suppliers cause?
What problem can delays from suppliers cause?
Lost sales and revenue
What problem do unreliable suppliers cause?
What problem do unreliable suppliers cause?
Production halts & customer dissatisfaction
What problem do longer supply chains create?
What problem do longer supply chains create?
Increased delays risk & higher costs