Contract Management Should Be Used to Trigger Proactive Sourcing Events

question 5

True/False

Contract management should be used to trigger proactive sourcing events only after a contract expires.

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Definitions:

Primacy Effect

The tendency to remember information at the beginning of a list better than the information that follows.

First Impression

the initial perception one person has of another upon meeting, which can significantly influence future perceptions and interactions.

Impression Formation

The forming of the first knowledge that a person has concerning another person.

Social Interaction

The process by which individuals act and react in relation to others, forming the basis of social structure and societal norms.