Asked by Kristine Mae Almodiel on Jun 09, 2024
Verified
Product consistency and cost stability are two of the most important factors when choosing a supplier.
Product Consistency
The assurance that a product will perform in the same way and meet the same standards each time it is used.
Cost Stability
The state of maintaining consistent and predictable expenses in business operations or economic activities.
- Appreciate the strategic importance of supplier selection and relationships in organization design.
Verified Answer
FG
Floyd GambleJun 12, 2024
Final Answer :
True
Explanation :
Product consistency and cost stability are crucial factors in maintaining quality and ensuring predictability in the supply chain. A supplier that consistently delivers products at a stable cost can help a business plan and budget effectively, ensuring long-term success.
Learning Objectives
- Appreciate the strategic importance of supplier selection and relationships in organization design.
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