To Help Guide the Strategic Sourcing Process, Five Core Principles

question 12

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 one 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:

Cultural Influences

The impact of cultural environment and practices on an individual's behaviors, values, and beliefs.

Familiarity

The state of being well-known or easily recognized, often through repeated exposure or experience.

Educational Attainment

The highest level of education an individual has completed, such as high school, undergraduate, or graduate degrees.

Delay-of-Gratification

The capacity to withstand the allure of an instant gratification in favor of a future benefit.