Vendor for critical component of your product

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Reference no: EM133777329

Question

You are the chief procurement officer in a multinational corporation. Your company is considering a new vendor for a critical component of your product. The vendor has a strong reputation and their product is of high quality. However, you are aware that the vendor relies heavily on a single supplier for their raw materials. What should you do? answer Negotiate lower prices with the vendor due to their dependency on a single supplier. Conduct a thorough supply chain analysis to assess the potential risks associated with the vendor's dependency on a single supplier. Proceed with the vendor since they have a strong reputation and their product is of high quality. Reject the vendor immediately due to their dependency on a single supplier.

Reference no: EM133777329

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