In the Evaluate Supply Sources step, the firm:

A) performs a spend analysis.
B) decides which suppliers are located closest to the firm's plant to insure timely delivery.
C) identifies all possible suppliers that might be able to satisfy the user's needs.
D) defines the parameters of the sourcing strategy process.

Evaluate Supply Sources

The process of assessing potential suppliers to determine their ability to deliver goods or services in a timely, cost-effective, and quality-focused manner.

Spend Analysis

The process of collecting, cleansing, classifying, and analyzing expenditure data with the purpose of reducing costs, improving efficiency, and monitoring compliance.

Sourcing Strategy Process

The methodology and approach taken by an organization to identify, evaluate, and engage suppliers for acquiring goods and services.