Examlex
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Multiple Suppliers
The strategy of sourcing a particular product or service from more than one supplier to reduce supply risk.
Supply Disruption
An unexpected event that interrupts the normal flow of goods and materials in a supply chain, potentially leading to stockouts, increased costs, or delivery delays.
Incentive
A factor, often a form of reward or penalty, that motivates individuals to perform an action or behave in a certain manner.
Fewer Suppliers
A procurement strategy where a company intentionally reduces the number of suppliers in its supply chain to improve efficiency and negotiate better terms.
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