Question

in which sourcing category would an item typically be classified, if it is considered to be low value, low risk, and there are lots of potential suppliers?

Answer 1

If an item is considered to be low value, low risk, and has a large number of potential suppliers, it is typically classified in the leverage sourcing category.

What does a category of leverage sourcing mean?

The term "leverage sourcing category" is used in the procurement process to describe goods that have a variety of low-risk sources of supply. In most cases, it is assumed that using leverage will result in high expenditures and possible procurement savings.

What roles do the various categories of leveraged sourcing play?

• Grouping of the items to be purchased to aid in negotiations
• Reduce costs by making use of a market that is competitive.
• It aids in developing automatic supplier interfaces to cut down on process costs.

Learn more about the leverage sourcing category with the help of the given link:

brainly.com/question/4270172

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