A preferred supplier status conveys immediate information about the supplier's overall performance and competency.

Question

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A preferred supplier status is granted to suppliers who have demonstrated consistent quality and reliability of their products or services. This conveys that the supplier has a proven track record and is competent in delivering the required goods or services. Therefore, it provides immediate information about the supplier's overall performance and competency.

A Preferred Supplier Status Conveys Immediate Information About the Supplier's