Automation Developer Professional Practice Test

Which statement best describes sourcing in a procurement context?

Paying invoices after goods are received Negotiating only after a contract has been awarded Managing only the storage of purchased inventory Identifying and selecting external sources capable of meeting requirements

Correct Answer:

Identifying and selecting external sources capable of meeting requirements

Explanation:

Sourcing is the pre-contract activity of identifying and evaluating supply options and suppliers that can meet an organisation's requirements. Invoice processing, inventory management, and post-award negotiation are different procurement or supply activities.

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