Why do firms assess their sourcing capabilities?
A)They are looking for ways to reduce their employee headcount.
B)They can easily spot suppliers who are not practicing sustainable sourcing practices.
C)They can gauge their success in improving their own value-enhancing contributions to the firm
D)It helps them improve communication with their suppliers.

Question

Quizplus · Accepted Answer

Assessing sourcing capabilities allows firms to measure how successful they are in improving their own value-enhancing contributions to the firm. This can help them identify areas for improvement and make strategic decisions about their sourcing practices. The other options (A, B, and D) do not accurately describe the main purpose of assessing sourcing capabilities.

Why Do Firms Assess Their Sourcing Capabilities