Giving one supplier too much control creates a dependency risk for a company.

Name: Giving one supplier too much control creates a dependency risk for a company.
Brand: Quizplus
Rating: 4.8 (50 reviews)

Question

Quizplus · Accepted Answer

If a company relies too heavily on one supplier and that supplier experiences issues like bankruptcy or supply chain disruptions, it can leave the company in a vulnerable position. Therefore, it is important for companies to diversify their supplier portfolio to mitigate these risks.

Giving One Supplier Too Much Control Creates a Dependency Risk