Curriculum
MODULE: MODULE 3 - Functional Competencies
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Curriculum

MODULE 3 - Functional Competencies

Text lesson

Important concepts/definitions

  • Supplier: A supplier is an entity that supplies goods and services to another organization. This entity is part of the supply chain of a business, which may provide the bulk of the value contained within its products. Some suppliers may even engage in drop shipping, where they ship goods directly to the customers of the buyer;
  • Supplier relationship management: The systematic approach to evaluating vendors that supply goods, materials and services to an organization, determining each supplier’s contribution to success and developing strategies to improve their performance.