What types of information can a supplier provide that are useful during new-product development?

Q: What are the Characteristics of good packaging materials?  Please answer at your own words.

A: Packing is the practice of packing goods to ship or send goods to a required place or keeping the…

Q: Utilize the web to gather information on the four most popular packages of this kind, which are sold…

A: The world of e-commerce continues to develop quickly in the current fast-paced digital era, giving…

Q: What is the main objective of purchasing?

A: The most important function of material management is purchasing. Materials account for a sizable…

Q: Why do so many buyers make critical supplier selection decisions without fully analyzing, knowledge…

A: Buyers are those who buy goods and services for the organization. They are best described as the…

Q: Q: What do you understand by sales negotiation

A: Every individual in the business field should learn to negotiate like a diplomat and not…

Q: In more specific terms, what does negotiation in purchasing refer to? With references please

A: When it comes to the purchasing process, negotiations take place from the moment the purchasing…

Q: 6/ A company may have many Vendors depending on its size and industry in which it operates. Explain…

A: Organizations managing various operations in market cannot operate in isolation or all by…

Q: How do flexible packaging solutions differ from rigid packaging, and what industries prefer each…

A: Modern life and industry depend heavily on packaging. To encapsulate and protect things for…

Q: What is cost-plus pricing? How does cost-plus pricing affect supplier behavior?

A: Pricing is use to determine the value a producer will get in the exchange of goods and services.…

Q: What is the difference between technical supplier development and supplier development?

A: Supplier development is a strategy adopted by business organizations to enhance the performance of…

Q: Why do many buyers make critical supplier selection decisions without fully analyzing and…

A: In procurement, supplier selection is a required step. Determine the business criteria and consult…

Q: What items should [or should not] be included in a letter of offer?

A: Hiring an employee will be based on the educational qualification, experience, attitude, etc., of…

Q: Discuss the reasons why suppliers are sometimes reluctant to share price  information with buyers,…

A: Managers are responsible for overseeing the operation and other stages involved in the creation of a…

Q: Discuss the importance of a concrete, well written proposals and establishing buyer vendor…

A: The basic relationship of a buyer and the vendor is based on the sales representatives who are…

Q: Discuss the process of Developing and Managing Products?

A: New product development refers to the process of bringing a good or service to market (NPD). The…

Q: What are the corporate security risks with regard to vendor relations?

A: Vendor relationship management is focused on seeing the relationship among vendors with all due…

Q: What criteria are important when considering whether a supplier can be involved in a new fresh…

A: Suppliers play an important role in making a project successful.The task of choosing a supplier need…

Q: Describe the factor-weighting approach to supplier evaluation

A: A factor-weighting approach is an approach used in business for evaluating the supplier where the…

Q: What is vendor negotiation in simple words, and examples of it?

A: Inside the procurement procedure, vendor negotiation permits organizations to restrict purchase…

Q: Which among the eight-vendor identification steps is crucial? Why?

A: It is very important to find a suitable vendor for the firm because lots of work will depend on the…

Q: Price and samples of products can be good when selecting a retailer,but is it enough?

A: A business wants the best vendor to meet its requirements and specifications so that it can provide…

Q: At what stage of the product life cycle is price competition likely to be the greatest?

A: The maturity stage has the most price competition. Once products are created, they are more…

Q: Explain the meaning and objectives of purchasing?

A: Purchasing is a managerial activity that encompasses actions such as planning and policy…

Q: At what point does a supplier’s gift or favor depart from a friendly showing of appreciation for a…

A: Consumer/Buyer behavior. Consumer behavior is the study of the behavior of an individual group or…

Q: 18. How would the buyer use the three stages of supplier selection to determine if they will…

A: The three steps of supplier selection, Survey, Inquiry, and Evaluation stage, can be used to…

Q: Explain how a company differentiates its products fromcompetitors’ products.

A: A product is the thing made accessible for procurement. A thing can be an assistance or a thing. It…

Q: How does an OEM (original equipment manufacturer) operate? What is an example of one?

A: A manufacturer is an individual who produces products and services from the raw material into…

Q: Should management weigh the trade-offs of warehousing items in several places and moving them vast…

A: Warehousing items in several places and moving them vast distances to clients is a common practice…

Q: Why companies that manufacture private brands also produce their own manufacturer brands?

A: A manufacturer can be denoted as the person or an institution who is involved in the activity of…

Q: Explain the term Supplier search?

A: Suppliers are indispensable for every business. To reduce the risk of taking the wrong decision,…