Companies will decreasingly use value-based sourcing approaches to evaluate how a supplier or group of suppliers may be utilized to gain competitive advantage for categories with high business impact.

Question

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This statement contradicts the trend towards increased use of value-based sourcing approaches to evaluate supplier relationships and gain competitive advantage. Value-based sourcing focuses on creating long-term relationships with suppliers based on shared goals and mutually beneficial outcomes, rather than just selecting the lowest cost option. As businesses become more complex and interconnected, value-based sourcing will be increasingly important in driving innovation, reducing costs, and improving quality across the supply chain.

Companies Will Decreasingly Use Value-Based Sourcing Approaches to Evaluate How