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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? 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? leverage non-critical strategic bottleneck

Answer :

Baraq

Based on business strategy, the sourcing category in which an item would be typically classified, if it is considered to be low value, low risk, and there are lots of potential suppliers is known as Leverage.

What is the Leverage Sourcing Category?

Leverage Sourcing Category is a term that is used in the procurement process to explain items of goods that have various alternatives of supply with low risk.

Usually, with Leverage, it is believed that there is high expenditure high with potential procurement savings.

Functions of Leverage Sourcing Category

  • Unification of items to procure which helps in the negotiation
  • Utilize a competitive marketplace to lower costs.
  • It helps in creating automatic supplier interfaces to reduce the process cost

Hence, in this case, it is concluded that the correct answer is Leverage.

Learn more about the Leverage Sourcing Category here: https://brainly.com/question/4270172

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