Question

3. ___________ involves an increased focus on identifying and using data internally and across a supply chain so that a company can consolidate its purchasing power for enhanced value.

Answer 1

Answer:

Strategic sourcing

Explanation:

Strategic sourcing is a process that is part of the supply chain management in which the organization analyzes and reviews its procurement activities and from that, makes improvements to these activities to add more value. According to this, the answer is that strategic sourcing involves an increased focus on identifying and using data internally and across a supply chain so that a company can consolidate its purchasing power for enhanced value.