Question: Which of the following is true about the supplier selection process? Needs to be circumvented a lot - it's just too restricting to follow a formal process Is an out-of-date holdover from the pre-WWII "clerical" era of purchasing Should be tailored to the type of buy: routine buys should be kept simple, strategic buys should involve careful planning Should be executed the exact same way for every buy Is only relevant for large companies