Suppliers Should a firm attempt to have fewer or more suppliers? What are the advantages and disadvantages of each approach? Your initial post should be 200-250 words.
“The term supply chain is commonly used to refer to the network of organizations that participate in producing goods or providing services. A supply chain encompasses all activities associated with the flow and transfer of goods and services, from raw material extraction through use by the final consumer� (Vonderembse, 2013, p. 116). The organization must effectively manage their supply chain. The more suppliers they have the more moving parts that are necessary to manage. Each organization should make a decision regarding the number of suppliers according to their business need. There are several factors to consider when making this decision.
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