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

Negotiated contracts allow for flexibility and collaboration between the buyer and supplier, which is important when a buyer cannot specify all of its future needs. Auctions and competitive bids are more suitable for situations where buyers have well-defined and specific requirements. Procurement hubs may be useful for streamlining the procurement process, but they don't necessarily offer the flexibility needed when requirements are uncertain.

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