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.
<h3><u>What does a category of leverage sourcing mean?</u></h3>
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.
<u>What roles do the various categories of leveraged sourcing play?</u>
- 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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Answer: New harvesting equipment for the farm
Answer:
$6,300
Explanation:
The computation of expenses that can be deducted is shown below:-
Expenses that can be deducted = Fee paid for club after getting contract(for 5 months) + Replacement cost + Travelling
= ($1,000 × 5) + $500 + $800
= $6,300
Therefore for computing the expenses that can be deducted we simply add Fee paid for club after getting contract, replacement cost and travelling and the rest amount is not relevant for computation.
Answer:
In the question, we are not given information with respect to sales costs, so we can only find total gross sales:
Sales Budget fist 2 quarters of the year
Product Sales Price Sales Q1 Sales Q2 Total gross sales
XQ-103 $14 22,590 27,710 $704,200
XQ-104 $27 14,880 16,200 $839,160
$1,53,360
