Introduction to Strategic Sourcing Final Quiz

Which business activity is traditionally part of the Source-to Contract cycle?

What distinguishes sourcing from buying?

Which of the following is NOT typically a success metric for strategic sourcing teams?

Why do organizations prefer de-centralized sourcing approaches for lower-value transactions?

Which of the following categories best describes the term “strategic sourcing”?

What is the purpose of defining a strategic sourcing category for your business?

What makes a category “direct” instead of “indirect” for your business?

Which of the following is NOT true of a “strategic” supplier relationship?

Why do sourcing teams use weighted scorecards?

Which of the following is NOT typically a step in category management?

In a Dutch procurement auction, what action does a supplier have to take in order to win?

What is the only sourcing strategy that is never used as the final phase of a multi-phase sourcing process?

Which of these is a type of data used in sourcing analytics that is not typically used in spend analytics?

What do organizations typically use sourcing analytics to measure?

Why is “impact sourcing” often regarded as a high-leverage business process?

Which of the following is true of cherrypick awards but NOT supplier selection awards?

In a Japanese procurement auction, what action does a supplier have to take in order to win?

Why are second price auctions rare in strategic sourcing projects?

To ensure successful value analysis, what process should you complete and validate with stakeholders before requesting a quote from suppliers?