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Please help with question and give examples to your answers Any form of business requires suppliers for products and services. Organizations must determine the optimal
Please help with question and give examples to your answers
Any form of business requires suppliers for products and services. Organizations must determine the optimal number of suppliers that they can maintain. This forms the starting point for effective supplier management (Handfield et al., 2011). The authors state that supply base rationalization is the process of identifying how many and which suppliers a buyer will maintain. Supply base optimization involves an analysis of the supply base to make sure that only the most capable and the best performing suppliers are kept after the supply base is rationalized In light of the above discussion, there are many risks associated with maintaining too few suppliers. You are required to critically analyse ANY FOUR (4) risks associated with maintaining too few suppliersStep by Step Solution
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