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.