The Goal of Strategic Sourcing Is to Provide a Competitive

question 21

True/False

The goal of strategic sourcing is to provide a competitive advantage to an organization and create short-term relationships with suppliers.

---

Definitions:

Fair Values

the estimated market value of an asset or liability, based on current prices in an open and competitive market.

Temporary Investments

Investments in stocks, bonds, or other securities that a company intends to sell within a short period, typically one year.

Excess Cash

The amount of cash a company possesses that exceeds the minimum level needed to maintain its operations and investment plans.

Brokers' Commissions

Fees paid to brokers for their role in facilitating transactions, such as buying or selling securities, real estate, or insurance products.