A company that employs a multi-sourcing strategy is most likely to place an order based on quality cost delivery time relationship with the supplier
Question
A company that employs a multi-sourcing strategy is most likely to place an order based on
- quality
- cost
- delivery time
- relationship with the supplier
Solution
A company that employs a multi-sourcing strategy is likely to place an order based on a combination of factors. These factors include:
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Quality: The company will consider the quality of the goods or services provided by the supplier. This is important because it can affect the company's own product or service quality.
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Cost: The cost of the goods or services is also a significant factor. The company will want to keep costs low to maximize profit.
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Delivery Time: The time it takes for the supplier to deliver the goods or services can affect the company's operations. Therefore, a supplier who can deliver quickly may be preferred.
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Relationship with the Supplier: A good relationship with a supplier can lead to better negotiation terms, reliability, and service. Therefore, the company may prefer to order from suppliers they have a good relationship with.
In conclusion, a company using a multi-sourcing strategy is likely to consider all these factors - quality, cost, delivery time, and relationship with the supplier - when placing an order.
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