The purchasing strategy in which two suppliers are the sole suppliers of different parts,but are also the backup suppliers for each other's parts is
A) sole sourcing.
B) multiple sourcing.
C) just-in-time sourcing.
D) backup sourcing.
E) parallel sourcing.

Question

Quizplus · Accepted Answer

Parallel sourcing strategy involves two suppliers who are the primary suppliers for different parts but also serve as backup suppliers for each other's parts. This approach balances the benefits of sole sourcing with the risk mitigation of having a backup supplier.

The Purchasing Strategy in Which Two Suppliers Are the Sole