Competitive bidding, active sourcing, and using industry standards are all actions that are appropriate if the sourcing strategy is to:
A)form partnerships with suppliers.
B)maximize commercial advantage.
C)simplify the acquisition process.
D)ensure supply continuity.

Question

Quizplus · Accepted Answer

Competitive bidding and active sourcing are both methods used to obtain the best possible price and terms from suppliers, which aligns with a strategy to maximize commercial advantage. Using industry standards can also help ensure that the products or services being sourced meet certain quality and performance standards, which can further enhance a company's competitive position. Forming partnerships with suppliers and simplifying the acquisition process may be important objectives, but they are not directly related to maximizing commercial advantage. Ensuring supply continuity is important but does not necessarily require the use of competitive bidding or active sourcing.

Competitive Bidding, Active Sourcing, and Using Industry Standards Are All