Which of the following is a key consideration when a company chooses a supplier?

Question

Quizplus · Accepted Answer

A company considers all of these factors when choosing a supplier. Lead time and on-time delivery are important to ensure timely production and delivery of goods. Reputation and financial stability of a supplier provide assurance of their reliability and ability to fulfill orders. Flexibility in handling changes is important in case of unforeseen circumstances, such as design changes or production delays. Quality control procedures of suppliers ensure that the materials or parts provided meet specific standards and specifications set by the company.

Which of the Following Is a Key Consideration When a Company