Determining the right number of supplier that a company should use is:
A)Spend analysis.
B)Strategic sourcing.
C)Supply base optimization.
D)Supply chain resilience.

Question

Quizplus · Accepted Answer

The process of determining the optimal number of suppliers that a company should use is called supply base optimization. It involves analyzing the supplier market, evaluating supplier performance, and determining the right number of suppliers to meet the company's needs. This process helps companies achieve a balance between cost savings and supply chain risk management. Therefore, option C Supply base optimization is the correct choice.

Determining the Right Number of Supplier That a Company Should