The supplier relationships of many organisations involve partnering arrangements in which an organisation spreads purchases among many suppliers,encouraging them to compete with one another to provide the best quality at the lowest price.

Question

Quizplus · Accepted Answer

Partnering arrangements typically involve building long-term relationships with a few suppliers rather than spreading purchases among many suppliers to encourage competition. This approach focuses on mutual benefits, collaboration, and often involves joint development of products or processes.

The Supplier Relationships of Many Organisations Involve Partnering Arrangements in Which