There are 6 important steps in the strategic sourcing process: 1. Access Opportunities, 2. Profile internally & externally, 3. Develop the Sourcing Strategy, 4. Screen Suppliers & Create Selection Criteria, 5. Conduct Supplier Selection, and 6. Negotiate & Implement Agreements.
Select one of the six steps, and explain why that step is the most important and explain why. Which step is the least important and why?