The purpose of [a] ____ is to maximize value by leveraging external resources and capabilities.

Question

Quizplus · Accepted Answer

A category strategy involves partnering with external suppliers to obtain the best value from the marketplace. By leveraging the strengths and capabilities of these suppliers, an organization can optimize its sourcing choices and reduce costs. This approach helps to ensure that the organization is selecting the right suppliers, developing partnerships with those that offer the best value, and effectively managing those relationships to maximize results. Just-in-time manufacturing, kanban, and cost reduction may all be part of a larger category strategy, but they do not directly address the goal of leveraging external resources and capabilities.

The Purpose of [A] ____ Is to Maximize Value by Leveraging