True or False? Modern companies deal with many different suppliers in order to avoid problems that can arise when one supplier is unable to provide needed parts or materials.

Question

Savanna

Business

8 February, 15:05

True or False? Modern companies deal with many different suppliers in order to avoid problems that can arise when one supplier is unable to provide needed parts or materials.

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Answers (1)

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Randall Curry · Answer 1

True

Explanation:

The statement modern companies deal with many different suppliers in order to avoid problems that can arise when one supplier is unable to provide needed parts or materials is true because businesses try to maintain different suppliers for a specific good to be able to react quickly and have the material available if one of the suppliers have a problem to provide itl. For example, on key materials some companies decide to buy most of the material to the supplier that offers the best value in terms of price and quality but they decide to buy a small percentage from another supplier to guarantee that they will always have the material available in case the main supplier is not able to provide the good and they can cover the immediate need with the other one.