Although it is important to develop a rationalized supply base such that buying power can be appropriately leveraged, a single-source strategy frequently maximizes the value of professional services.

Question

Quizplus · Accepted Answer

A single-source strategy may increase the risk of dependency on a single supplier, leading to reduced flexibility and innovation, and potentially higher costs. Diversification of suppliers can help mitigate these risks and increase competition, leading to better value for professional services.

Although It Is Important to Develop a Rationalized Supply Base