The type of sourcing that leads to the outcome of long-term partnering relationship. A. Sole sourcing B. Multiple sourcing C. Single sourcing D. Twin sourcing
Question
The type of sourcing that leads to the outcome of long-term partnering relationship. A. Sole sourcing B. Multiple sourcing C. Single sourcing D. Twin sourcing
Solution
The type of sourcing that leads to the outcome of long-term partnering relationship is C. Single sourcing.
Single sourcing is a procurement strategy in which a company decides to buy from one source rather than multiple vendors. This strategy can lead to long-term partnering relationships because the company and vendor can develop a deep understanding of each other's business needs and processes, leading to improved efficiency and effectiveness.
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