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Sogo Shosha

In Japan, this term means “general trading company,” Unlike typical Western trading companies and Japan’s some 9,000 other trading companies, the sogo shoshas are distinguished by their international networks, their trade of numerous commodities, and their large market shares. For…

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Strategic alliance

A strategic alliance is an agreement between two separate business entities to pool resources in order to achieve a common goal. In strategic alliances, the participants remain separate and do not form a new entity as with joint ventures and…

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Supplier

The party furnishing goods or services in a business transaction in return for the agreed upon compensation. As such, suppliers do not generally interact with consumers directly, leaving that task to vendors or shop owners. It is not unusual for…

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Supplier appraisal

An assessment of a supplier’s suitability and capability to supply specific goods or services, before awarding a contract.

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Supplier lead time

The amount of time that normally, elapses between the time an order is received by a supplier and the time the order is shipped.

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