4.6 Working with Suppliers Flashcards
1
Q
What does Procurement mean?
A
The management of purchasing within a business.
2
Q
What are Four roles of Procurement within a business?
A
Identifying goods and services to buy.
Choosing suppliers.
Ordering goods and services.
Receiving deliveries from suppliers.
3
Q
What does Logistics mean?
A
The management of the transportation and storage of goods.
4
Q
What does Suppliers mean?
A
Parties who supply goods and/or services to a business.
5
Q
What are Five effects on Logistics and Supplies?
A
Time of delivery.
Reliability of the suppliers.
Length of the supply chain.
Cost of items being bought.
Customer service from suppliers.
