Question

What do you understand by supply position?

Answer 1

Answer:

Supply is a fundamental economic concept that describes the total amount of a specific good or service that is available to consumers. Supply can relate to the amount available at a specific price or the amount available across a range of prices if displayed on a graph.

Explanation:

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Answer 2

Explanation:

Supply positioning model refers to segmenting the spend portfolio by risk and opportunity. With the help of this model, organizations rank their supplies based on the money spent with the supplier and the level of susceptibility a business has if that supplier fails.

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