A company that had been using single sourcing decided to add a second supplier for one of its key raw materials.Which supply management goal does this BEST accomplish?
A)Fostering sustainability.
B)Reducing total costs.
C)Identifying,assessing,and mitigating supply chain risk.
D)Accessing technology and innovation.

Question

Quizplus · Accepted Answer

By adding a second supplier, the company is mitigating the risk of relying solely on one supplier for a key raw material. This helps to identify and assess potential risks in the supply chain, such as supplier bankruptcy or disruptions, and ensures continuity of supply.

A Company That Had Been Using Single Sourcing Decided to Add