The Role of Sourcing Planning and Analysis Is

question 23

Multiple Choice

The role of sourcing planning and analysis is

• A)to analyze spending across various suppliers and component categories to identify opportunities for decreasing the total cost.
• B)to analyze spending across various suppliers and component categories to identify opportunities for increasing the total cost.
• C)to enable orders to be placed and delivered on schedule at the lowest possible overall cost.
• D)to enable orders to be placed and delivered on schedule regardless of cost.

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Definitions:

Showmanship Approach

An engaging and dynamic method of presentation or sales, emphasizing entertainment and flair to captivate the audience.

Demonstrations

Live or virtual events where the features and benefits of a product or service are shown to potential customers.

Prospect's Indifference

A situation in sales where a potential customer shows no particular interest or preference towards a product or service being offered.

Direct Question

A question that by and large can be answered with a yes or no response or at most by a very short response consisting of a few words.