A collaborative relationship with the supplier is usually recommended for the procurement of an item for which the supply risk is high.

Name: A collaborative relationship with the supplier is usually recommended for the procurement of an item for which the supply risk is high.
Brand: Quizplus
Rating: 4.8 (34 reviews)

Question

Quizplus · Accepted Answer

When the supply risk is high, a collaborative relationship with the supplier can help in managing the risk more effectively by ensuring a stable supply chain, fostering innovation, and improving quality and responsiveness.

A Collaborative Relationship with the Supplier Is Usually Recommended for the Procurement