A medical consumables buyer has adopted a close relationship approach with their suppliers that are considered to be complicated, technical suppliers. Is this the right approach?

A medical consumables buyer has adopted a close relationship approach with their suppliers that are considered to be complicated, technical suppliers. Is this the right approach?
A . Yes, as the items are of high financial risk
B . No, as there is often a supply risk with items offered
C . Yes, as all the items supplied are off the shelf
D . No, as there are only a small number of suppliers in the marketplace

View Answer

Answer: A

Explanation:

Complex and technical suppliers often involve high financial risks due to the critical nature of their products. A close relationship ensures better collaboration, risk management, and value generation.