suppliers
What is the main role of the suppliers?
to provide high-quality products and materials at a cheap and affordable price.
How many suppliers do the creator of PlayStation often work with
they often work with one single supplier
What are the 2 main impacts that suppliers have on businesses?
consistency and reliability
Why are suppliers important to the microenvironment?
because they provide the necessary resources, materials, and components required by an organization to produce its goods or deliver its services.
Why are good working relationships with suppliers important?
they will deliver cost savings, reduce availability problems, and reduce delays and quality issues.
What quality of products does the suppliers provide?
The suppliers provide high quality supplies.
What brand did we use in our example?
We used Sony.
how can you help company growth
You can help company grow by expanding your product range, increase the number of its units.
-Lowering the prices can increase the leverage which can have better pricing and more favorable terms.
how can buying from the same supplier repeatedly effect the business
-Buying from the same supplier repeatedly might lead to a higher procurement process efficiency.
how can raising the prices of the supplier affect them?
-Raising the prices might make the company look for a more affordable supplier.
how can you find a new supplier?
You can find a new supplier by researching and comparing different supplier options.
what do companies discuss with suppliers?
Companies often discuss with the supplier about the product quality and source of materials.
what do suppliers help with?
Suppliers help with the product quality by providing materials that meet the company's requirement, operating funds.
How does a supplier's location affect a business?
A closer location can reduce shipping times and costs.
What is one risk of relying on a single supplier?
If the supplier faces issues, it can disrupt the business’s operations and supply chain.
What is one-way suppliers can help a company grow?
By providing more products as the company expands.
Why might a supplier lower prices for a company?
If the company orders in large quantities or has a long-standing relationship.
What benefit does a company get from ordering consistently from the same supplier?
They may receive loyalty discounts or better service from the supplier.
What might a supplier do if a company orders a large amount?
Offer a discount on the products.
What could happen if a supplier raises their prices?
The company might look for a more affordable supplier.
How can a company find a new supplier?
By researching and comparing different supplier options.
What might a company discuss with a supplier before ordering?
The prices, delivery times, and product quality.
How can suppliers help with product quality?
By providing materials that meet the company's standards.
What is the difference between suppliers and vendors?
A supplier is a business partner that offers specialized goods. Meanwhile a vendor directly sells finished products.
What businesses would suppliers typically be a better choice for?
Suppliers are typically the best option for businesses that require raw materials in large quantities.