Sourcing involves
A) deciding the tasks that will be outsourced and those that will be performed within the firm.
B) deciding whether to source from a single supplier or a portfolio of suppliers.
C) identifying the set of criterion that will be used to select suppliers and measure their performance.
D) selecting suppliers and negotiating contracts with them.
E) all of the above

Question

Quizplus · Accepted Answer

Sourcing involves all of the above activities, including deciding which tasks to outsource, selecting suppliers, negotiating contracts, and identifying performance metrics. Each of these activities is critical to a successful sourcing strategy, and they must all be carefully considered to ensure that the company is getting the best possible value from its suppliers. Therefore, the best choice is E, which includes all of these activities.

Sourcing Involves