Asked by
rajesh reddy
on Oct 18, 2024
Verified
The role of sourcing planning and analysis is
A) to analyze spending across various suppliers and component categories to identify opportunities for decreasing the total cost.
B) to analyze spending across various suppliers and component categories to identify opportunities for increasing the total cost.
C) to enable orders to be placed and delivered on schedule at the lowest possible overall cost.
D) to enable orders to be placed and delivered on schedule regardless of cost.
Sourcing Planning
The process of strategically planning and managing the procurement of goods and services from suppliers to meet business requirements.
Total Cost
The complete sum of expenses incurred by a business in producing goods or services, including manufacturing, labor, and overhead costs.
- Acquire knowledge of the purchasing process and its essential function in the supply chain.
- Identify the importance of evaluating various aspects when comparing and selecting suppliers.
Verified Answer
PB
Learning Objectives
- Acquire knowledge of the purchasing process and its essential function in the supply chain.
- Identify the importance of evaluating various aspects when comparing and selecting suppliers.