Asked by
Keshav Agarwal
on Oct 31, 2024
Verified
With the many-suppliers strategy, the order usually goes to the supplier that offers the best quality.
Many-Suppliers Strategy
A procurement approach where a company sources its materials or products from a large number of suppliers to enhance competition and reduce supply risk.
Quality
The degree to which a set of inherent characteristics fulfills requirements or expectations.
- Acknowledge the vital role of supply chain management in determining the global prosperity of a business.
Verified Answer
DD
Learning Objectives
- Acknowledge the vital role of supply chain management in determining the global prosperity of a business.
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