Which of the following activities is part of sourcing strategy?
A) Identifies for a certain category from how many suppliers to buy, what type of relationship to pursue, contract duration, type of contract to negotiate for, and whether to source locally, regionally or globally.
B) Environmental scanning
C) Portfolio analysis
D) Competitor analysis

Question

Which of the following activities is part of sourcing strategy? 
A) Identifies for a certain category from how many suppliers to buy, what type of relationship to pursue, contract duration, type of contract to negotiate for, and whether to source locally, regionally or globally. 
B) Environmental scanning 
C) Portfolio analysis 
D) Competitor analysis

Quizplus · Accepted Answer

Sourcing strategy involves determining the optimal approach to purchasing goods or services. This includes identifying the number of suppliers to engage, the type of contractual relationships to pursue, and whether to source locally, regionally, or globally. The other options listed are related to market research and analysis, but they are not specifically focused on sourcing strategy.

Which of the Following Activities Is Part of Sourcing Strategy