Which of the following is a focus of strategic sourcing?

Strategic sourcing primarily involves a comprehensive approach to acquiring goods and services that considers factors such as total cost of ownership, long-term supplier relationships, and the overall value delivered rather than merely focusing on the cost of individual items. Focusing on high-profit and high-risk items aligns with the goals of strategic sourcing, as these categories often require careful consideration, in-depth analysis, and strategic supplier relationships to mitigate risks and maximize profitability.

In the context of strategic sourcing, high-risk items typically involve significant expenditure and potential impact on operational success, necessitating more rigorous evaluation and planning. This concentration on critical items allows organizations to develop more effective strategies, enhance supplier collaboration, and implement robust risk management practices.

In contrast, other choices center on more transactional, short-term, or low-risk approaches that do not align with the broader scope and objectives of strategic sourcing. Therefore, the emphasis on high-profit and high-risk items captures the essence of strategic sourcing and its commitment to fostering long-term value and resilience in supply chain operations.