Cultural Fit and price are some criteria that we can use to narrow down the suppliers.
There are some criteria that we can use to narrow down the vendors. which are-
Cultural Fit: This refers to values and how well the provider is aware of the company's values.
One of the deciding criteria is price.
Value: Does the product enhance the company's operations?
Market knowledge and recent references
responsiveness and adaptability to requests and product changes
Quality, including the history of quality in products and services
An entity that offers goods or services to another entity is known as a supplier. One example of a supplier is a business that sells PCBAs to a laptop manufacturer or OEM.
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