The Development of a Strategic Purchasing Plan Requires All of the Following

Multiple Choice

The development of a strategic purchasing plan requires all of the following with one exception. Which one is incorrect?

A) A complete understanding of corporate strategies and marketing plans
B) An extensive evaluation/study of current suppliers, how performance is measured, and the expectation of suppliers relative to the industry.
C) Study of the degree of local purchasing opportunities.
D) Identification of total costs associated with current purchasing department/function, budgets, staffing, and so forth.