Question

What is the idea behind multiple sourcing?

a.

Better quality

b.

Higher costs

c.

Better service

d.

Lower costs

Answer: (b).Higher costs

Interact with the Community - Share Your Thoughts

Uncertain About the Answer? Seek Clarification Here.

Understand the Explanation? Include it Here.

Q. What is the idea behind multiple sourcing?

Similar Questions

Explore Relevant Multiple Choice Questions (MCQs)

Q. _______ is the practice of utilizing only one supplier for an item when several sources are available.

Q. ________ leads to the outcome of long-term partnering relationship.

Q. Two suppliers A and B deliver the same raw materials for production company Z. The price offered by supplier A is less compared to the price offered by supplier B. Which supplier should the company choose?

Q. Two suppliers A and B deliver the same raw materials for production company Z. The price offered by supplier A is less compared to the price offered by supplier B. The quality of both the raw materials is the same. Which supplier should the company choose considering other factors remaining the same for both of them?

Q. Which of the following is not the primary factor on which the supplier is selected by an organization?

Q. Additionally, the supplier selection criteria include factors such as management compatibility, goal congruence, and strategic decision of the supplier firm.

Q. Survey stage, enquiry stage, negotiation and selection stage, and experience stage are the four stages in supplier selection and evaluation.

Q. ________ suggested the ten conditions for selection and evaluation of suppliers.

Q. The supplier selection and evaluation stage in which the supplier list is drawn up on the basis of raw information from catalogues, advertisements, and brochures is known as ______

Q. In which of the following stages of supplier selection and evaluation, vendor’s present customers are enquired about the performance and promptness in delivery of the vendor?

Q. In which of the following stage in supplier selection and evaluation, standard enquiry forms are sent to the vendors, asking them to present their detailed information?

Q. In ________detailed analysis of the vendor is made after raw information is acquired from the survey stage.

Q. Which of the following factors are considered during direct negotiations with the vendors in the negotiation and selection stage of supplier selection and evaluation?

Q. In which stage of supplier selection and criteria, performance of the supplier is evaluated based on quality and promptness in delivery?

Q. Frequent rejections upset the production schedule.

Q. Late deliveries may cause stoppages in production.

Q. Which of the following is not a part of the history card?

Q. Which of the following is incorrect with respect to Ishikawa’s ten conditions for selection and evaluation of suppliers?

Q. Supplier selection process is followed by supplier certification process.

Q. Supplier certification process starts only after the supplier begins shipment of the product to the organization.

Recommended Subjects

Are you eager to expand your knowledge beyond Total Quality Management? We've handpicked a range of related categories that you might find intriguing.

Click on the categories below to discover a wealth of MCQs and enrich your understanding of various subjects. Happy exploring!