Supplier Management
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Questions and Answers

Which of the following is a benefit of effective communication in managing supplier issues?

  • Streamlined supply chain
  • Reduced costs
  • Improved customer satisfaction (correct)
  • Increased profits
  • Why is effective communication important in managing supplier issues?

  • To increase market share
  • To avoid legal consequences
  • To maintain good relationships with suppliers (correct)
  • To minimize production delays
  • What can be achieved through effective communication in managing supplier issues?

  • Faster time to market
  • Higher employee morale
  • Improved product quality (correct)
  • Increased brand recognition
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