Reducing the number of suppliers for an item carries an increased risk of interruption in supply.

Name: Reducing the number of suppliers for an item carries an increased risk of interruption in supply.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

When there are fewer suppliers for an item, any disruption in the supply from a particular supplier can cause a major gap in the overall supply chain. Having multiple suppliers for an item ensures a backup plan in case any one supplier is unable to provide the necessary materials or products.

Reducing the Number of Suppliers for an Item Carries an Increased