Suppliers
A business which provides other organisations with raw materials or goods. build their reputation on the quality of the goods or materials they provide. If the quality is good, delivered on time and in the quantity required suppliers will win repeat orders and secure future business.
The success of a business will benefit suppliers through regular orders
Suppliers have an interest in a business doing well because they want:
- regular orders from their customers (the other businesses)
- prompt payment
Suppliers can influence how a business operates by:
- raising or lowering prices of goods
- changing The length of time a firm has to pay a supplier.
- changing delivery times
- increasing or decreasing the quality of their goods/materials