If a firm needs specialized product or frequent deliveries of products, what type of supplier relationship should be pursued? A. Modified rebuying B. Reciprocity C. Single sourcing D. Offshoring E. Multiple sourcing

Question

Preston Dalton

Business

8 September, 15:13

If a firm needs specialized product or frequent deliveries of products, what type of supplier relationship should be pursued? A. Modified rebuying B. Reciprocity C. Single sourcing D. Offshoring E. Multiple sourcing

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Answers (1)

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Knox · Answer 1

C. Single sourcing

Explanation:

It is a practice which involves adopting only one source of supply that has no competitor even though there are other supplier that could supply the same product. The decision to adopt single sourcing strategy is usually made by supply managers and top management level in an organization. This strategy ensures that products are always available, although during scarcity of such materials it will be difficult to make arrangement with other suppliers.