The first step of the strategic sourcing process, which is sometimes kicked off in response to an entirely new need within an organization, in the vast majority of cases, is __________.
Social Studies · High School · Tue Nov 03 2020
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The first step of the strategic sourcing process, often initiated in response to a new need within an organization, is typically called "Identification of Need" or "Need Recognition." This step involves identifying and understanding the organization's requirements for goods or services. It may include assessing the specific needs, quantity, quality standards, and any other relevant criteria. Clear identification of the need sets the foundation for the subsequent steps in the strategic sourcing process, such as market analysis, supplier identification, negotiation, and contract implementation.