Which one of the following statements is True about sourcing?
A) Purchasing's primary role is to satisfy the firm's long-term supply needs.
B) Purchasing's primary role should be placing and tracking orders.
C) Purchasing's primary role is to negotiate lower prices.
D) Purchasing's primary role is to negotiate prices and delivery dates.

Question

Quizplus · Accepted Answer

Sourcing or purchasing's primary role is not just about placing orders, negotiating prices, or tracking orders. Instead, its primary role is to manage the supply chain to ensure the long-term supply needs of the firm are met. This means considering factors like supplier selection, supplier relationship management, risk management, and cost optimization. Therefore, option A is the most accurate statement.

Which One of the Following Statements Is True About Sourcing