*factors affecting the supplier

Question 1

price

Answer 1

how much the supplier charges for raw materials

Question 2

quantity

Answer 2

the volume/amount of raw materials the supplier is able to provide

Question 3

quality

Answer 3

the standard of raw materials sold by the supplier

Question 4

location

Answer 4

where the supplier is situated in relation to the business

Question 5

lead time

Answer 5

the time between ordering inventory from your supplier and it arriving

Question 6

reputation

Answer 6

the reviews and ratings of your supplier by other businesses

Question 7

explain - price needs to be as low as possible…

Answer 7

in order to maximise profit

Question 8

explain - if the quality of raw materials is high…

Answer 8

this means that the quality of the final product should be high

Question 9

explain - if the supplier is located further away…

Answer 9

you may be charged a higher delivery fee

Question 10

explain- if the supplier provides unsuitable raw materials or has late deliveries…

Answer 10

this could lead to a delay in production which has a knock-on impact on customers

Question 11

explain - a higher reputation…

Answer 11

increases the chances that the supplier will fulfil your order consistently