Framework contracts are used to identify the supplier

Framework contracts are used to identify the supplier
A . 1 and 2 only
B . 1 and 3 only
C . 2 and 3 only
D . 2 and 4 only

View Answer

Answer: B

Explanation:

Single-sourced relationships often involve exclusivity for a specific product (1) and a high level of trust and collaboration (3) between buyer and supplier. This type of relationship is selected for strategic procurement purposes, often involving long-term partnerships, which align with CIPS’s relationship spectrum guidelines.