Asked by
Jasmin Estrada
on Oct 27, 2024Verified
Which of the following statements supports multiple sourcing:
A) an ongoing long-term contract exists with a preferred supplier.
B) supply is plentiful and supply assurance is important.
C) there is a patent involved.
D) the order is small.
E) concerns exist about supplier capacity for future volume.
Multiple Sourcing
A procurement strategy that involves buying a particular product from several suppliers to reduce dependency on any single supplier and to increase competition and flexibility.
Supplier Capacity
The maximum amount of goods or services a supplier can produce or provide within a given timeframe.
- Determine the pros and cons related to utilizing both singular and plural sourcing tactics.
Verified Answer
CM
Learning Objectives
- Determine the pros and cons related to utilizing both singular and plural sourcing tactics.
Related questions
Arguments That Favor Single Sourcing Include ...
Assurance of Supply Is an Argument That Favors Single Sourcing
Under a Multidomestic Strategy,each National Market Is Treated Equally
In the Context of Choosing an International Strategy, Which of ...
MoonLit Foods Is a Global Supplier of Ready-To-Eat Snacks ...