What are advantages of using multiple sourcing strategies, Operation Management

Assignment Help:

What are the advantages of using multiple sourcing strategies?

Advantages of using multiple sourcing:

a. May assist negotiate and drive down prices while more suppliers exist

b. More environmentally aware like the organisation ‘shops around’

c. Lower risk when a supplier fails to deliver


Related Discussions:- What are advantages of using multiple sourcing strategies

What is prime cost, What is Prime Cost? The sum of Direct Labour Cost, ...

What is Prime Cost? The sum of Direct Labour Cost, Direct Expenses and Direct Material Cost is Prime Cost.

Process focused production system, Process Focused Production System Th...

Process Focused Production System This is a form of production system in which production operations are grouped according to the type of process. In other words, all productio

Explain negotiated a non-deliverable forward contract, Johnson, Inc., a U.S...

Johnson, Inc., a U.S.-based MNC, will need 10 million Thai baht on August 1. It is now May 1. Johnson has negotiated a non-deliverable forward contract with its bank. The reference

Explain the term objective or necessity in management, Explain the term obj...

Explain the term objective or necessity. Objective or Necessity: The objective or the need of permitting workers to participate in management can be: (i) To attain industr

Describe concurrent control, What are: Concurrent Control? Feed forward Con...

What are: Concurrent Control? Feed forward Control? Feedback Control? Give an example of each.

Benefits of effective operations management, what are the benefits of effec...

what are the benefits of effective operations management. Discuss.

Explain the effective rate of interest for an investment, Find the effectiv...

Find the effective rate of interest for an investment that earns 5 (1/2) % per year, compounded continuously

Nature of production and operation management , Nature of Production and Op...

Nature of Production and Operation Management Operations management is frequently used all along with production management in literature on the subject. It is hence useful to

Explain managers and supervisors need to have knowledge, Why do all manager...

Why do all managers and supervisors need to have knowledge and skills related to Human Resource management?

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd