Single sourcing is no longer a risky strategy due to technological advances in purchasing.

Name: Single sourcing is no longer a risky strategy due to technological advances in purchasing.
Brand: Quizplus
Rating: 4.8 (37 reviews)

Question

Quizplus · Accepted Answer

Technological advances in purchasing have indeed improved efficiency and risk management in single sourcing, but it remains a risky strategy due to potential issues like supplier failure, geopolitical risks, and lack of competition, which can affect pricing, quality, and supply chain resilience.

Single Sourcing Is No Longer a Risky Strategy Due to Technological