Which of the following outcomes is achieved through the reduction in the number of a firm's suppliers?
Which of the following outcomes is achieved through the reduction in the number of a firm's suppliers?
Reducing the number of a firm's suppliers leads to volume consolidation. By concentrating procurement from fewer suppliers, the firm can leverage its purchasing power to negotiate better prices and terms. This consolidation also fosters stronger relationships and improved communication, enhancing overall supply chain efficiency.
Reducing the number of a firm's suppliers leads to volume consolidation. By concentrating the procurement of goods or services from fewer suppliers, the firm can leverage its purchasing power to negotiate better prices, terms, and conditions. Additionally, this can lead to stronger relationships with suppliers and improved communication, enhancing supply chain efficiency and collaboration.
I agree that answer should be C
why not C
The answer is C
Volume consolidation," is the outcome achieved through the reduction in the number of a firm's suppliers