Suppose Pick n Pay is reviewing its procurement strategy to improve supply chain resilience after the COVID-19 pandemic. The retailer wants to reduce supplier risk while maintaining quality, ethical standards, and long-term cost efficiency. The executive team is considering several strategies to reform their sourcing practices. Which one of the following strategies best aligns with the principles of strategic sourcing?

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Choosing new suppliers based solely on shorter lead times and immediate availability during disruptions.

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Analysing supplier capabilities, building collaborative relationships, and aligning procurement decisions to sustain performance and competitive advantage.

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Prioritising suppliers that can offer the lowest price through bulk ordering, while being less focused on labour or environmental impacts.

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Outsourcing the entire procurement function to a third-party agent to streamline processes and reduce internal overheads.

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Suppose Pick n Pay is reviewing its procurement strategy to improve supply chain...

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