Asked by Sydney Mankin on May 05, 2024
Verified
The first step in the Managing Strategic Sourcing Process is to develop a strategic plan, which includes forming a planning committee with key stakeholders.
Strategic Plan
A long-term vision for a company, outlining goals, objectives, and tactics to achieve competitive advantage and meet stakeholders' expectations.
Planning Committee
A group of individuals assembled to plan, organize, and oversee specific projects, events, or initiatives, ensuring objectives are met efficiently.
- Comprehend the steps involved in the Managing Strategic Sourcing Process.
Verified Answer
CS
cameron shepherdMay 11, 2024
Final Answer :
True
Explanation :
The first step in the Managing Strategic Sourcing Process is to develop a strategic plan, which includes forming a planning committee with key stakeholders.
Learning Objectives
- Comprehend the steps involved in the Managing Strategic Sourcing Process.