There Are Four Steps in the Managing Sourcing and Procurement

question 34

Multiple Choice

There are four steps in the Managing Sourcing and Procurement Processes. Which does not belong?

• A) determine the type of purchase
• B) determine the necessary levels of investment
• C) evaluate the effectiveness of the strategic sourcing process
• D) examine off shore and e-procurement suppliers

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Definitions:

Variance Report

A document that compares actual financial performance with budgeted or planned performance, highlighting differences or 'variances' for analysis and action.

Flash Reports

Brief interim financial reports, often produced shortly after an accounting period closes, providing an early estimate of financial performance.

Financial Information

Data pertaining to the financial performance, position, and changes in financial position of an enterprise.

Performance Criteria

Standards or benchmarks used to measure and evaluate the efficiency, output, or performance of an organization or individual.