To Help Guide the Strategic Sourcing Process, Five Core Principles

question 3

Multiple Choice

To help guide the strategic sourcing process, five core principles are recognized as key drivers to achieve the desired levels of value. Which of the following is not one of those core principles?

• A) Access the total value
• B) Develop individual sourcing strategies
• C) Evaluate internal requirements
• D) Drive continuous savings

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Definitions:

Durian Juice Concentrate

A thick liquid made by removing most of the water from durian fruit juice, used as a base in food products and beverages.

Variable Production Cost

Costs that vary in direct proportion to changes in levels of production, such as materials and labor directly involved in manufacturing.

External Suppliers

Companies or individuals outside a company that provide goods or services to the company.

Performance Reports

Documents or dashboards that summarize and analyze an organization's performance against its goals or benchmarks.