4D - Importance of choosing appropriate suppliers

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6 Terms

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Supplier

An organisation that provides a business with goods and services needed to operate.

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5 key factors when choosing a supplier

Price, quality, reliability, location, and Corporate Social Responsibility (CSR).

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Corporate Social Responsibility (CSR) in procurement

Choosing suppliers that meet ethical, social, and environmental objectives.

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Environmental CSR in supplier choice

Selecting suppliers that consider their environmental impact and produce less landfill waste.

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Social CSR in supplier choice

Choosing suppliers that treat their staff well and source products ethically.

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Local sourcing (CSR benefit)

Choosing a local supplier to support the community and reduce transport emissions.