Single Sourcing Consolidates Purchase Volume with a Single Supplier in Hopes

question 27

Multiple Choice

Single sourcing consolidates purchase volume with a single supplier in hopes of increasing cooperation and communication in the supply relationship as well as ___________.

• A)greater supply risk mitigation
• B)increased amounts of competition
• C)improved market intelligence
• D)lower costs per unit

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Definitions:

Ecosystems

Communities of living organisms interacting with their physical environment, forming a system.

Monoculture

The agricultural practice of growing a single crop species over a large area for a significant duration.

Interrelated Species

Different species that are connected or affect each other through various ecological interactions, such as predation, competition, or symbiosis.

Everything Connected

A concept referring to the interconnectedness of devices, systems, and services through the internet and other communication technologies.