In the Context of Sourcing, Multiple Suppliers

question 19

Multiple Choice

In the context of sourcing, multiple suppliers:

• A) often provide the ability to form close partnerships.
• B) often provide economies of scale.
• C) lower the risk of supply disruption.
• D) lower the chances of using a push or pull system.

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Definitions:

Percentage of Receivables

A method used to estimate the amount of receivables that will not be collected by calculating a percentage based on historical data.

Key Parties

Key parties refer to the main individuals or groups involved in a specific area of business, such as stakeholders in a project or transaction.

Note

A financial document that represents an agreement for one party to pay another by a certain date, often used to denote debt.

Receivables Owners

Individuals or entities that are entitled to receive payments from customers or clients for goods delivered or services provided.