A single source can never deliver cost and quality improvements over the life of a contract even if a buyer manages that supplier effectively.

Question

Quizplus · Accepted Answer

A single source can deliver cost and quality improvements over the life of a contract if managed effectively by the buyer. By establishing a strong partnership, engaging in continuous improvement efforts, and ensuring competitive pricing, a buyer can reap the benefits of having a single, reliable supplier. However, it is important to also have contingency plans in place and periodically evaluate the relationship to ensure it remains beneficial for both parties.

A Single Source Can Never Deliver Cost and Quality Improvements