Single sourcing:
A) Always implies a long-term collaborative relationship
B) Cannot occur in an adversarial setting
C) Without partnering can prove risky
D) Occurs when a firm selects many suppliers to satisfy all needs in a given area
E) Invariably reduces costs

Question

Quizplus · Accepted Answer

Single sourcing without partnering can prove risky as it entails relying on a single supplier for all the goods and services, and any disruption in the supply chain can have a significant impact on the organization's operations. Therefore, it is crucial to establish a collaborative relationship with the supplier to mitigate the risks and ensure a reliable supply of goods and services. The other options are incorrect as they do not accurately represent the concept of single sourcing.

Single Sourcing