Good purchasing strategy is based on standardized set of procedures for dealing with every supplier in a firm's supply base.

Name: Good purchasing strategy is based on standardized set of procedures for dealing with every supplier in a firm's supply base.
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Question

Quizplus · Accepted Answer

A good purchasing strategy often involves tailoring approaches and negotiation strategies to fit the specific relationship and situation with each supplier, rather than applying a standardized set of procedures to all.

Good Purchasing Strategy Is Based on Standardized Set of Procedures