The key to effective supply-chain management is to get many suppliers to compete with each other, in order to drive down prices.

Question

Quizplus · Accepted Answer

Effective supply-chain management focuses on building long-term relationships with a few reliable suppliers rather than constantly switching among many to drive down prices. This approach ensures stability, quality, and can lead to cost savings through efficiencies and collaboration.

The Key to Effective Supply-Chain Management Is to Get Many