What Is the First Step for Supplier Development

question 57

Multiple Choice

What is the first step for supplier development?

• A) Identify critical suppliers.
• B) Identify key projects.
• C) Define details of agreement.
• D) Identify critical products and services.
• E) Meet with supplier top management.

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Definitions:

Dominance

The state or condition of having control or authority over others, often in a social or economic setting.

Job Analysis

The process of studying and collecting information about the duties, responsibilities, necessary skills, outcomes, and work environment of a particular job.

Vertical Integration

A company's expansion by moving along its supply chain to control both production and distribution elements.

Leadership

The action of leading a group of people or an organization, or the ability to do this through vision, influence, and facilitating progress.