Supply Chain Management Professional (SCMP) · Question
Which of the following is a key advantage of adopting a multi-sourcing strategy?
Multi-sourcing diversifies the supplier base, mitigating risks associated with reliance on a single vendor and potentially increasing competition.
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Question: Which of the following is a key advantage of adopting a multi-sourcing strategy?
Answer options: ✅ Reduced dependence on a single supplier
- Lower administrative overhead
- Simplified supplier relationship management
- Greater volume discounts per supplier
Correct answer: Reduced dependence on a single supplier
Explanation: Multi-sourcing diversifies the supplier base, mitigating risks associated with reliance on a single vendor and potentially increasing competition.
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