Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Multiple sourcing also can provide other benefits such as improved market intelligence and improved supplier appraisal effectiveness. Contact with many suppliers allows a firm to
Multiple sourcing also can provide other benefits such as improved market intelligence and improved supplier appraisal effectiveness. Contact with many suppliers allows a firm to keep abreast of new developments and new technologies as they emerge across the field. In addition, greater contact with suppliers increases the effectiveness of evaluating a supplier's ability and progress by comparing cost and production data from supplier to supplier
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started