Due to the increased interdependence between buyers and sellers and the mutual desire to reduce risk of the unknown:

Question

Due to the increased interdependence between buyers and sellers and the mutual desire to reduce risk of the unknown:​

Quizplus · Accepted Answer

The increased interdependence between buyers and sellers has led to an increase in buyer-seller interactions and the rise of service expectations of buyers. This is due to the mutual desire to reduce risk of the unknown, which implies a need for more communication and collaboration between buyers and sellers, and a greater emphasis on providing high levels of service to ensure smooth and reliable supply chain operations. Option A is incorrect because short-term relationships may not provide the necessary stability and trust to manage risks effectively in the supply chain. Option B is incorrect because buyers do expect higher levels of service from sellers, as this is a key factor in ensuring that their supply chain is efficient and reliable. Option D is incorrect because the interdependence of buyers and sellers has increased, not reduced, due to factors such as globalization, outsourcing, and increasing competition. Option E is incorrect because supply chain management remains a critical function for ensuring that goods and services are delivered efficiently and effectively to customers.

Due to the Increased Interdependence Between Buyers and Sellers and the Mutual