Recent Lessons

Show all results for ""

Sourcing Definitions Quiz

Choose a study mode

Play Quiz

Study Flashcards

Spaced Repetition

Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson

Download our mobile app to listen on the go

Get App

Questions and Answers

What is the main difference between tactical and strategic sourcing?

Tactical sourcing involves long-term decisions, while strategic sourcing involves short-term adaptive decisions.
Tactical sourcing deals with globalization, while strategic sourcing deals with partnership sourcing.
Tactical sourcing is concerned with high-profit items, while strategic sourcing deals with non-critical items.
Tactical sourcing focuses on lower-level decisions, while strategic sourcing is about top-level decisions. (correct)

Which type of sourcing is concerned with high-profit, high supply risk strategic items?

Tactical Sourcing
Operational Sourcing
Mutual Sourcing
Strategic Sourcing (correct)

In what conditions might a tactical sourcing decision be tactically reversed?

When dealing with low-profit items
When deciding on partnership sourcing
In conditions of supplier failure or work shortage (correct)
When making long-term purchasing policies

What is a key aspect of strategic sourcing that is not typically associated with tactical sourcing?

Long-term purchasing policies (A) Signup and view all the answers

Which type of sourcing is concerned with short-term adaptive decisions?

Tactical Sourcing (C) Signup and view all the answers

What aspect of sourcing does strategic sourcing consider that tactical sourcing does not?

Long-term purchasing policies (A) Signup and view all the answers

What is the main difference between transactional sourcing and strategic sourcing?

Transactional sourcing focuses on total cost of ownership, while strategic sourcing focuses on purchase price per item. (D) Signup and view all the answers

What is the key factor that determines whether tactical or strategic sourcing applies in a particular situation?

The nature of the purchase and the business environment (D) Signup and view all the answers

What is the role of internal customers in the sourcing process?

To raise the need for the purchase and transact with suppliers (C) Signup and view all the answers

What is the purpose of conducting market analysis in the sourcing process?

To select the best product or service for a category of expenditure (A) Signup and view all the answers

What are the three types of purchase, listed from least time and complexity to most time and complexity?

Routine purchase, change to an existing supplier, new user need (D) Signup and view all the answers

At which stage of the step-by-step sourcing process does internal customer involvement usually drop?

Define or evaluate users' needs (A) Signup and view all the answers

Flashcards are hidden until you start studying