The ____ of a strategic sourcing process is a clear statement of the goals and objectives of the sourcing project,which is officially announced shortly after the team's first few meetings.
A) triangulation
B) optimization
C) spend analysis
D) project charter
E) price analysis

Question

Quizplus · Accepted Answer

A project charter formally recognizes the start of a project and defines the goals and objectives of the project. It is usually created shortly after the team's initial meetings and sets the direction for the entire strategic sourcing process. Triangulation, optimization, spend analysis, and price analysis are all components of the sourcing process, but they do not define the overarching goals and objectives.

The ____ of a Strategic Sourcing Process Is a Clear