Assume that Heartland & Company is considering paying a price premium to the more highly rated supplier

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Assume that Heartland & Company is considering paying a price premium to the more highly rated supplier (New England Works) in this year's buy of part #B02326620. If the only two suppliers quoting on this part are New England Works and Midwest Bearings, what percentage premium (over the lower price) would you recommend? Justify your response.
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Principles of Supply Chain Management A Balanced Approach

ISBN: 978-1285428314

4th edition

Authors: Joel D. Wisner, Keah Choon Tan, G. Keong Leong

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