_____ Is the Process of Developing Insights into Stakeholder Requirements

question 37

Multiple Choice

_____ is the process of developing insights into stakeholder requirements, comparing these to external industry intelligence, supply base capabilities and operational risks, and developing a strategy to align internal requirements with external supply market conditions.

• A)Spend analysis
• B)Cost management
• C)Contract management
• D)Category management
• E)Procure-to-pay

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Definitions:

Organizational Learning

A process of creating, retaining, and transferring knowledge within an organization to improve performance and competitiveness.

Feedback

Information given to a person or system about their performance or behavior for the purpose of improvement.

Contingency Approach

A managerial strategy that suggests the most appropriate organizational behavior is dependent on the specifics of the situation.

Theoretical

Concerning the abstract principles or models that are used to explain empirical phenomena.