Which approach is desirable when there is a high degree of supply risk or early supplier involvement is required?

Question

Quizplus · Accepted Answer

Negotiations would be the best approach when there is a high degree of supply risk or early supplier involvement is required. This is because negotiations allow for open communication between the buyer and seller, which can lead to a better understanding of each other's needs and concerns. Additionally, negotiations allow for flexibility in terms of pricing and terms, which can be important when dealing with uncertain or complex supply situations.

Which Approach Is Desirable When There Is a High Degree