Which of the following best explains 'leveraging world class supply base management'?

Question

Quizplus · Accepted Answer

Leveraging world class supply base management involves selecting and working with suppliers who perform the best in terms of quality, delivery, pricing, and other factors. This approach helps to ensure that the business is able to meet its needs efficiently and effectively, while also building stronger relationships with suppliers over time. Increasing business with historical or local suppliers, or simply focusing on the cheapest suppliers, may not necessarily lead to the best overall outcomes for the business.

Which of the Following Best Explains 'Leveraging World Class Supply