Question: Traditional purchasing, with multiple suppliers, is different from single source purchasing because in traditional purchasing: competition is employed to reduce cost the buyer relies more

Traditional purchasing, with multiple suppliers, is different from single source purchasing because in traditional purchasing:
competition is employed to reduce cost
the buyer relies more on performance specifications than on product design
less formal paperwork exists
small standard containers are used to hold exact quantities
delivery time and quantity level can be changed with phone calls
Traditional purchasing, with multiple suppliers, is different from single source purchasing

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