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In Kohlberg's theory of the development of moral reasoning, the conventional level is characterized by self-chosen ethical principles that reflect the person's respect for ideals such as nonviolence, equality, and democratically determined laws.
Evaluate Supply Sources
The process of assessing potential suppliers to determine their ability to deliver goods or services in a timely, cost-effective, and quality-focused manner.
Spend Analysis
The process of collecting, cleansing, classifying, and analyzing expenditure data with the purpose of reducing costs, improving efficiency, and monitoring compliance.
Sourcing Strategy Process
The methodology and approach taken by an organization to identify, evaluate, and engage suppliers for acquiring goods and services.
High Risk
Pertains to the potential for significant loss or failure, often used in finance, investment, and project management to describe ventures with uncertain outcomes.
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