Supplier Diversification
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Steeeve
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BUSINESS
Supply Chain Management
Supplier Diversification
Diverse suppliers can transform supply chains into engines of innovation and resilience
6 days ago
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How does supplier diversification primarily benefit a company's supply chain beyond risk reduction?
By incorporating diverse suppliers, it fosters innovation and reflects community demographics, enhancing adaptability.
It only reduces costs by increasing the number of suppliers without other benefits.
Supplier diversification is the same as supply chain diversification and only focuses on vendor quantity.
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