In the context of sourcing, a single supplier often provides economies of scale and the ability to form close partnerships.

Question

Quizplus · Accepted Answer

When a company uses a single supplier, they often purchase larger quantities of goods, which can lead to cost savings through economies of scale. Additionally, a close relationship with a single supplier can lead to better communication, collaboration, and trust between the two parties, potentially resulting in improved product quality and innovation.

In the Context of Sourcing, a Single Supplier Often Provides