Final Answer:
Diversifying supplier sources is not a means of achieving cost savings in supplier-related value chain activities. Option D is answer.
Step-by-step explanation:
Cost savings in supplier-related value chain activities can be achieved through various means such as negotiating for better prices, streamlining procurement processes, and leveraging economies of scale. However, diversifying supplier sources involves increasing the number of suppliers, which may enhance resilience but doesn't inherently lead to immediate cost savings. In fact, managing multiple suppliers might incur additional coordination costs.
The emphasis here is on the distinction between cost-saving measures, which directly reduce expenses, and risk management strategies, like diversification, which may have different objectives. Therefore, diversifying supplier sources is not primarily aimed at achieving cost savings.
Option D is answer.
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Complete Question
Which of the following is not a means of achieving cost savings in supplier-related value chain activities?
A) Negotiating for better prices
B) Streamlining procurement processes
C) Leveraging economies of scale
D) Diversifying supplier sources
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