In the formulation of purchasing strategy, the organization's ___________, the organization's ___________________, and the competitive environment must be considered.

Question

Quizplus · Accepted Answer

The formulation of purchasing strategy requires consideration of the organization's competitive priorities (which include cost, quality, delivery, flexibility, and innovation), as well as its strengths and weaknesses in relation to these priorities. The competitive environment is also important to consider, as it can impact the organization's ability to compete and achieve its purchasing goals. Market share is not directly relevant to purchasing strategy formulation.

In the Formulation of Purchasing Strategy, the Organization's ___________, the Organization's