Which of the following is not one of the formal approaches to supply base rationalization?
A)Twenty/eighty rule.
B)"Improve or else" approach.
C)Global sourcing.
D)Triage approach.
E)Competency staircase approach.

Question

Quizplus · Accepted Answer

Global sourcing is not a formal approach to supply base rationalization. The other options are formal approaches: 
A) The twenty/eighty rule involves identifying the top 20% of suppliers that contribute to 80% of the organization's spend and focusing on developing strategic relationships with them.
B) The "Improve or else" approach involves setting expectations and goals for suppliers and holding them accountable for meeting them or risking losing the business.
D) The triage approach involves categorizing suppliers based on their criticality to the business and addressing issues with them accordingly.
E) The competency staircase approach involves evaluating suppliers based on their level of competency and working to develop their capabilities to higher levels.

Which of the Following Is Not One of the Formal