Asked by Michelle Elizabeth Karsten on Jul 19, 2024
Verified
The relationship between the manufacturer and supplier during the procurement cycle is very similar to the relationship between
A) customer and retailer.
B) retailer and distributor.
C) distributor and manufacturer.
Procurement Cycle
describes the process of sourcing, acquiring, and managing resources and materials needed for production or operation in an organization.
Retailer
An enterprise or individual who markets products for personal or domestic consumption by customers.
Distributor
An intermediary entity in the supply chain that purchases products from manufacturers or wholesalers and sells them to retailers or directly to consumers.
- Comprehend the functions and connections among manufacturers, suppliers, consumers, and retailers in the supply chain context.
Verified Answer
Learning Objectives
- Comprehend the functions and connections among manufacturers, suppliers, consumers, and retailers in the supply chain context.
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