The process of understanding how a firm is spending its money and with which suppliers is called:
A)Strategic sourcing.
B)Make or buy analysis.
C)Market analysis.
D)Spend analysis.

Question

Quizplus · Accepted Answer

Spend analysis is the process of understanding how a firm is spending its money and with which suppliers. Strategic sourcing involves the evaluation and selection of suppliers to meet the purchasing needs of a company. Make or buy analysis is a decision-making process that helps a company determine whether to produce a product or service in-house or outsource it to a third-party vendor. Market analysis involves the gathering and interpretation of data about a particular market to inform business decisions. Therefore, the best choice is D, as it directly relates to the process of understanding a company's expenditures and suppliers.

The Process of Understanding How a Firm Is Spending Its