The key to success with all the sourcing strategies is to get suppliers to compete on price.  True False

This statement is False. While price competition is an important aspect of sourcing strategies, solely focusing on price can lead to several challenges. Effective sourcing should also take into account factors such as quality, reliability, supplier capability, and long-term relationships. Competing on price can lead to a "race to the bottom," where quality is compromised, and suppliers may cut corners to meet lower price expectations. A more balanced approach considers total value, including service, innovation, and partnership potential, which often results in better business outcomes over time. Therefore, it's crucial to integrate price with other performance metrics when evaluating sourcing strategies.