___________ involves an increased focus on identifying and using data internally and across a supply chain so that a company can consolidate its purchasing power for enhanced value.
A)Supply management
B)Strategic sourcing
C)Supply chain management
D)Procurement

Question

Quizplus · Accepted Answer

Strategic sourcing involves analyzing a company's spending and using this information to make business decisions about acquiring goods and services more efficiently and effectively. This process often includes evaluating and engaging with the supply base to consolidate purchasing power to achieve the best possible value in the marketplace.

___________ Involves an Increased Focus on Identifying and Using Data