Which of the following BEST describes the strategic sourcing process?
A.
The issuing of materials according to a schedule or to a job at its start time
B.
An analysis of the expected demand, supply market, and specific suppliers used by the organization
C.
The solicitation and evaluation of bids and proposals to meet the organization's material needs
D.
A series of actions to identify suppliers to provide needed products/services for the organization
The Answer Is:
D
This question includes an explanation.
Explanation:
The best description of the strategic sourcing process is D. A series of actions to identify suppliers to provide needed products/services for the organization. Strategic sourcing is a systematic and data-based approach for optimizing an organization’s vendor base and improving overall value propositions for software and services1. It involves planning, managing, and optimizing supply chain activities, which includes identifying suitable suppliers2.
CORE PDF/Engine
Printable Format
Value of Money
100% Pass Assurance
Verified Answers
Researched by Industry Experts
Based on Real Exams Scenarios
100% Real Questions
Get 65% Discount on All Products,
Use Coupon: "ac4s65"