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The purchasing approach that holds the suppliers responsible for maintaining the necessary technology, expertise, and forecasting ability plus cost, quality, and delivery competencies is __________.

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Answer:

The purchasing approach that holds the suppliers responsible for maintaining the necessary technology, expertise, and forecasting ability plus cost, quality, and delivery competencies is many suppliers.

Step-by-step explanation:

Through a strategy of many suppliers, a company hands in a request for offers to the suppliers. They then give a response to the demands and the terms for the request.

  • Under this strategy, the supplier has the responsibility of fulfilling the requirements of the request.
  • This consists of assuring that the supplier is technologically equipped and has the experience to deliver good products and services.
  • This strategy of supply consisting of a couple of suppliers aims to establish a solid relationship with them.
  • Such suppliers then turn into partners of the company.
  • Sometimes, the company even invests to give support to the suppliers.
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