which of the following sourcing strategy leads to the outcome of long-term partnering relationship. A. Multiple sourcing B. Single sourcing C. Delegated sourcing D. Parallel sourcing
Question
which of the following sourcing strategy leads to the outcome of long-term partnering relationship. A. Multiple sourcing B. Single sourcing C. Delegated sourcing D. Parallel sourcing
Solution
The sourcing strategy that leads to the outcome of a long-term partnering relationship is B. Single sourcing.
Here's why:
A. Multiple sourcing: This strategy involves using several suppliers for the same product. This can lead to competition among suppliers, but it doesn't necessarily foster long-term relationships.
B. Single sourcing: This strategy involves using only one supplier for a product. This often leads to a long-term partnering relationship because the company and supplier are reliant on each other.
C. Delegated sourcing: This strategy involves delegating the sourcing responsibility to another company. While this can lead to a long-term relationship with the company handling the sourcing, it doesn't necessarily lead to a long-term relationship with the supplier.
D. Parallel sourcing: This strategy involves using two suppliers for the same product. Like multiple sourcing, this can lead to competition among suppliers, but it doesn't necessarily foster long-term relationships.
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