Which of the following explains 'sourcing'?
A) Finding and selecting the best possible source of supply on a worldwide basis.
B) Contracting and managing the best possible source of supply on a worldwide basis.
C) Finding, selecting, contracting and managing the best possible source of supply on a worldwide basis.
D) Finding, selecting, contracting and managing possible source of local supply.

Question

Which of the following explains 'sourcing'? 
A) Finding and selecting the best possible source of supply on a worldwide basis. 
B) Contracting and managing the best possible source of supply on a worldwide basis. 
C) Finding, selecting, contracting and managing the best possible source of supply on a worldwide basis. 
D) Finding, selecting, contracting and managing possible source of local supply.

Quizplus · Accepted Answer

Sourcing involves not only finding and selecting a source of supply, but also contracting and managing it, preferably on a worldwide basis. Option A only covers finding and selecting, while option B only covers contracting and managing. Option D restricts the source of supply to local only.

Which of the Following Explains 'Sourcing