The supplier relationship like when the vendor is viewed as an partner is openness and sharing of strategic and tactical information readily occurs.
A partner becomes an extension of your company, as opposed to a vendor who only supplies a given item or service. A corporation may have a limited number of IT, staff employees, with expertise in particular technological areas and little time to devote to enhancing the internal team members' skill sets.
To specify each business partner's obligations and rights in a commercial transaction, use partner functions. When you make a master record for a business partner, you may attach partner functions to that record.
The given question is incomplete, the complete question is:
What is the supplier relationship like when the vendor is viewed as an partner?
One or few number of suppliers
Price is moderately important but flexibility is very important
Openness and sharing of strategic and tactical information readily occurs.
To know more about Vendor here
brainly.com/question/28851516
#SPJ4
The assembly line was invented in 1901 by Ransom E. Olds. This enabled a much larger production of automobiles.
Answer:
$707,000
Explanation:
Calculation for Sam's appraisal cost for quality last year
Using this formula
Appraisal cost = Annual inspection costs + Annual testing cost
Where,
Annual inspection costs =$172,000
Annual testing cost=$535,000
Let plug in the formula
Appraisal cost = $172,000 + $535,000
Appraisal cost = $707,000
Therefore Sam's appraisal cost for quality last year will be $707,000.
Answer: 14.4%
Explanation: The G that we are computing in this question is the sustainable growth rate, it is the growth rate that a company can attain and maintain without any problem.
we know that,
growth = (retention ratio)*(return on equity)
growth = (1- dividend payout ratio)*(return on equity)
growth = 14.4%
