Strategic Sourcing Involves an Increased Focus on Identifying and Using

question 74

True/False

Strategic sourcing involves an increased focus on identifying and using data internally and across the supply chain so that a company can consolidate its purchasing power for enhanced value.

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Definitions:

Content Management

The processes and technologies that support the collection, management, and publishing of information in any form or medium.

Crowdsourcing

Enlisting the collective talent of a number of people to get work done.

Government Intervention

The involvement of the government in the market, aiming to correct market failures, redistribute resources, or to achieve specific economic objectives.

Profits

Net income that remains after all operating expenses, interest, taxes, and dividends have been deducted from total revenue.