Long-term "partnering" relationships are one of the main goals of the "many suppliers" sourcing strategy.

Name: Long-term "partnering" relationships are one of the main goals of the "many suppliers" sourcing strategy.
Brand: Quizplus
Rating: 4.8 (36 reviews)

Question

Quizplus · Accepted Answer

The "many suppliers" sourcing strategy typically involves sourcing from a large number of suppliers to foster competition and ensure low costs, rather than focusing on building long-term partnering relationships, which is more characteristic of the "few suppliers" sourcing strategy.

Long-Term "Partnering" Relationships Are One of the Main Goals of the "Many