Description
Explain how a supplier's financial position can impact their selection as a partner company.
Your assignment should be at least two pages and use at least one source. Any citations must use APA format.
Explanation & Answer
Attached.
Answer outline to SUPPLIER SELECTION
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Introduction
Discussion
Conclusion
Running head: SUPPLIER SELECTION
1
Supplier Selection
Name
Institutional affiliation
SUPPLIER SELECTION
2
Introduction
The supplier selection process can be described as a company’s ability to identify, weigh and
contract with a supplier (Araz & Ozkarahan, 2007). The selection process if a laborious process
that costs a lot of money to a company seeking partnership. From the partnership, a company
expects real benefits from the supplier partner who pledges to offer high value in return. There is
specific information that determines whether the partnership will be beneficial or is not worth the
time and money. One of the critical information that is important is the supplier’s financial
position.
Discussion
A financial status check of the supplier is critical in the decision making process in a partnership
agreement. The financial status of the supplier determines the financial viability of the supplier
on both a short to medium term. An instance is when the supplier has accumulated a lot of...
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