The strategy of purchasing suppliers in order to have a reliable supply chain is known as:
A) in-house production.
B) outsourcing.
C) benchmarking.
D) vertical integration.
E) product lifecycle management.

Question

Quizplus · Accepted Answer

The strategy of purchasing suppliers in order to have a reliable supply chain is called vertical integration. This means that a company takes control of multiple levels of the supply chain, from the raw materials to the finished product. This can help to reduce costs, improve quality control, and ensure a reliable supply of materials.

The Strategy of Purchasing Suppliers in Order to Have a Reliable