_____ is the process of determining the appropriate number and mix of suppliers to maintain.
A)Make-buy analysis
B)Competitive bidding
C)Supply base optimization
D)Portfolio analysis
E)Price analysis

Question

Quizplus · Accepted Answer

Supply base optimization is the process of determining the appropriate number and mix of suppliers to maintain in order to balance costs, risks, and performance. Make-buy analysis is the process of deciding whether to produce a particular item in-house or outsource it to a supplier, while competitive bidding involves soliciting bids from multiple suppliers and selecting the best one. Portfolio analysis is a technique for evaluating an organization's product or service offerings, and price analysis is the process of comparing the prices of different suppliers for the same item.

_____ Is the Process of Determining the Appropriate Number and Mix