_____ involves a detailed analysis of the supply base to ensure that only the most capable and highest performing suppliers are kept in the supply base after it is rationalized.
A)Supply base optimization
B)Outsourcing
C)Strategic sourcing
D)Supply base reduction
E)Supply base management

Question

Quizplus · Accepted Answer

Supply base optimization involves analyzing the supplier base and selecting the most capable and high-performing suppliers for inclusion in the final supply base. This process ensures that the company has a reliable, efficient, and cost-effective supply chain that can meet its needs in the long term. The focus is on developing a strategic partnership and collaboration with the suppliers for mutual benefit. This process typically follows strategic sourcing and involves ongoing monitoring and measurement of supplier performance to identify gaps and areas for improvement.

_____ Involves a Detailed Analysis of the Supply Base to Ensure