3- A sourcing strategy for items in the non-critical quadrant will be to simplify the acquisition process. a-True b-False 4- is the process of making sure you're getting the best deal on supplies and services and also includes optimizing your internal methods. a-Supply chain management b-Strategic sourcing c-Total value management d-Total quality management

Practical Management Science
6th Edition
ISBN:9781337406659
Author:WINSTON, Wayne L.
Publisher:WINSTON, Wayne L.
Chapter2: Introduction To Spreadsheet Modeling
Section: Chapter Questions
Problem 20P: Julie James is opening a lemonade stand. She believes the fixed cost per week of running the stand...
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3 &4 please

**Question 3:**
A sourcing strategy for items in the non-critical quadrant will be to simplify the acquisition process.

Options:
a) True
b) False

**Question 4:**
_____ is the process of making sure you're getting the best deal on supplies and services and also includes optimizing your internal methods.

Options:
a) Supply chain management
b) Strategic sourcing
c) Total value management
d) Total quality management
Transcribed Image Text:**Question 3:** A sourcing strategy for items in the non-critical quadrant will be to simplify the acquisition process. Options: a) True b) False **Question 4:** _____ is the process of making sure you're getting the best deal on supplies and services and also includes optimizing your internal methods. Options: a) Supply chain management b) Strategic sourcing c) Total value management d) Total quality management
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