Supply Management Core (SMC) Practice Test 7

Mr. Patel, the procurement manager of a large manufacturing company, is evaluating supplier proposals for a critical component used in their flagship product. Supplier A offers a competitive unit price but has a longer lead time compared to Supplier B, who offers a slightly higher unit price but guarantees quicker delivery. Mr. Patel is under pressure to minimize costs while ensuring timely production. Which supplier should Mr. Patel choose based on strategic sourcing principles?