Arguments for Multiple Sourcing include: competition between suppliers for a similar part will drive costs lower as suppliers compete against each other for the business. the decision making process is simpler under a multiple sourcing strategy. operations will run smoother because of multiple suppliers. Short-term contracts with suppliers add value for all parties.

Arguments for Multiple Sourcing include: competition between suppliers for a similar part will drive costs lower as suppliers compete against each other for the business. the decision making process is simpler under a multiple sourcing strategy. operations will run smoother because of multiple suppliers. Short-term contracts with suppliers add value for all parties.

Practical Management Science

6th Edition

ISBN:9781337406659

Author:WINSTON, Wayne L.

Publisher:WINSTON, Wayne L.

Chapter2: Introduction To Spreadsheet Modeling

Section: Chapter Questions

Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...

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Arguments for Multiple Sourcing include:
competition between suppliers for a similar part will drive costs lower as
suppliers compete against each other for the business.
the decision making process is simpler under a multiple sourcing strategy.
operations will run smoother because of multiple suppliers.
Short-term contracts with suppliers add value for all parties.

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