Today, when a buyer can't specify all of the details of what it will need in the future, the relationship with a supplier is most likely to involve:

Question

Quizplus · Accepted Answer

When a buyer can't specify all of the details of what it will need in the future, the relationship with a supplier is best served through negotiated contracts. This allows for flexibility and collaboration between the buyer and supplier to adjust to changing needs and requirements over time. Reverse auctions, procurement hubs, and competitive bids are all more suitable for situations where the buyer has clear specifications and the focus is on getting the lowest price.

Today, When a Buyer Can't Specify All of the Details