5.3 Suppliers and the supply chain Flashcards
1
Q
What is a Supplier
A
A supplier is any provider of inputs into a business’s operations. Inputs can take the form of raw materials, services, energy, equipment, labour and capital
2
Q
Explain what a supply chain is, and its importance to a business
A
This is a system that incorporates planning and organizing the resources, people, information and activities which are required to transform natural resources, raw materials and components into a finished product that is delivered to the end customer.
