Gathering data on the supply market's structure, price forecasts, and supply chain risk are assessed during a/an:
A)Spend analysis.
B)Insourcing/outsourcing decision.
C)Market analysis.
D)Supplier certification process.

Question

Quizplus · Accepted Answer

Market analysis involves gathering information on the supply market's structure, price forecasts, and supply chain risk in order to make informed decisions about suppliers and purchasing strategies. Spend analysis focuses on evaluating historical spending data, while insourcing/outsourcing decisions and supplier certification processes are more focused on selecting and evaluating suppliers.

Gathering Data on the Supply Market's Structure, Price Forecasts, and Supply