Asked by Taylor Brazeau on May 12, 2024
Verified
The assessment of a supplier's financial capacity enables the development of risk minimization strategies.
Supplier's Financial Capacity
The ability of a supplier to meet contractual obligations, including production and delivery, based on their financial resources.
Risk Minimization
The process of identifying, assessing, and taking steps to reduce or eliminate risks to an organization.
- Learn about the essential elements of supply management research to elevate process efficiency.
Verified Answer
MC
Meghan CooperMay 15, 2024
Final Answer :
True
Explanation :
Assessing a supplier's financial capacity allows for the identification of potential financial risks and can inform the development of strategies to mitigate those risks.
Learning Objectives
- Learn about the essential elements of supply management research to elevate process efficiency.
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