__________ sourcing focuses on more than just price when selecting suppliers.
A) Innovative
B) Supply side
C) Tactical
D) Functional
E) Strategic

Question

Quizplus · Accepted Answer

Strategic sourcing is a process that involves selecting suppliers based on several factors rather than just price. These factors include supplier reliability, quality of goods or services, delivery time, flexibility, and long-term relationship potential. The goal of strategic sourcing is to reduce costs while improving supplier performance and mitigating risks.

__________ Sourcing Focuses on More Than Just Price When Selecting