When companies seek suppliers,they create lists in-house of qualified suppliers or use resources like the Internet to identify potential candidates.

Question

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Once the company's needs have been identified and production specifications have been outlined, business customers can identify potential suppliers. Two methods are commonly used to determine the list of vendors. First, companies create a list of preferred or approved suppliers and go to that list whenever a new purchase is being considered. A second, more complex method is to search for and identify potential suppliers. The Internet has become a valuable tool for companies in identifying potential suppliers.

When Companies Seek Suppliers,they Create Lists In-House of Qualified Suppliers