A trade directory is a collection of suppliers and manufacturers. This directory includes the businesses name, address, phone number(s) and contact name(s) of key people within the organization. Trade directories can come in a variety of formats and can be focused on a particular industry, geographical region or a specific product.
Purpose
The advantage of using a trade directory is that a purchaser can review hundreds or thousands of suppliers efficiently and in a timely manner. This is especially beneficial in commodity based industries where companies are competing on the basis of cost.
However, trade directories are not necessarily up-to-date, and may omit businesses or other information.
Purpose
The advantage of using a trade directory is that a purchaser can review hundreds or thousands of suppliers efficiently and in a timely manner. This is especially beneficial in commodity based industries where companies are competing on the basis of cost.
However, trade directories are not necessarily up-to-date, and may omit businesses or other information.
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