The first step in managing sourcing and procurement is to determine the type pf purchase.

Name: The first step in managing sourcing and procurement is to determine the type pf purchase.
Brand: Quizplus
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Question

Quizplus · Accepted Answer

It is important to determine the type of purchase in order to develop an appropriate sourcing and procurement strategy. The type of purchase will determine factors such as the level of supplier involvement, the need for negotiation, and the level of risk involved.

The First Step in Managing Sourcing and Procurement Is to Determine