The list of suppliers that a firm is currently using is referred to as the firm's _______.

Question

Quizplus · Accepted Answer

The term "supply base" refers to the set of suppliers that a firm is currently using to source its raw materials, parts, and other inputs. This includes both primary suppliers (who provide materials directly to the firm) and secondary suppliers (who provide materials to the primary suppliers). The supply base is a critical element of a firm's supply chain management strategy, as it can impact the firm's costs, quality, and overall supply network performance.

The List of Suppliers That a Firm Is Currently Using