4. Which drivers are important to consider when selecting suppliers

The drivers important to consider when selecting suppliers typically include:<br /><br />1. **Cost**: The price of goods or services offered by the supplier.<br />2. **Quality**: The quality of products or services provided by the supplier.<br />3. **Reliability**: The supplier's ability to deliver on time and meet commitments.<br />4. **Capacity**: The supplier's ability to meet your demand in terms of volume and scalability.<br />5. **Location**: Proximity to your business, which can affect shipping costs and lead times.<br />6. **Reputation**: The supplier's track record and credibility in the market.<br />7. **Flexibility**: The supplier's ability to adapt to changes in demand or requirements.<br />8. **Compliance**: Adherence to legal, ethical, and industry standards.<br /><br />These factors ensure that the supplier aligns with your business needs and objectives.