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level: Suppliers

Questions and Answers List

level questions: Suppliers

QuestionAnswer
what is inputGathering the resources needed to make products/services - raw materials, machinery, labour, finance
what is processUsing the inputs to make finished products/services - this is known as "processing the inputs" (manufacturing)
what is ouputThe final product/service and the distribution of it to the customer
what is priceHow much the supplier charges for raw materials
what is qualityThe standard of raw materials sold by the supplier
what is quantityThe volume/amount of raw materials the supplier is able to provide
what is locationWhere the supplier is situated in relation to your business
what is lead timeThe time between ordering inventory from your supplier and it arriving
what is reliabilityWhether your supplier is able to consistently fulfil your order on time without any mistakes
what is reputationThe reviews and ratings of your supplier by other businesses
what is discountWhen your supplier reduces the price of the raw materials
what are credit termsWhen your supplier gives you a period of time to pay your goods (eg 60 days credit)