Cross-functional sourcing teams typically:
A) Develop cost-reduction strategies, create sourcing strategies and handle other purchasing functions, many times in global servicing situations
B) Identify links among components that raise costs if any changes are made
C) Develop methods of comparing the benefit, function and cost of materials, components and work processes
D) Seek to maximize the benefits of collaboration between the buyer and a few suppliers
E) Help companies make decisions about where to locate a plant or who to employ

Question

Quizplus · Accepted Answer

Cross-functional sourcing teams typically focus on developing cost-reduction strategies, creating sourcing strategies, and handling other purchasing functions in global servicing situations. They collaborate with departments such as engineering, marketing, and finance to ensure that all stakeholders' needs are met while achieving cost savings for the company.

Cross-Functional Sourcing Teams Typically