Final answer:
The statement is true because strategic sourcing is predicated on a partnership that necessitates a two-way continuous improvement process from both organizations involved.
Step-by-step explanation:
Strategic sourcing is a complex process that involves an ongoing dialogue and continuous improvement efforts between organizations. It is based on building a relationship that can adapt to changing market conditions, technological advancements, and business strategies. To be successful, it requires both parties to engage in a two-way continuous improvement process. This means that each party not only expects the other to improve but also commits to their own improvement to add value to the partnership.
Comparative advantage, as stated in the provided chapters, can arise from various factors including worker education, knowledge bases, specialized learning, and economies of scale. These elements are relevant to strategic sourcing because they contribute to an organization's ability to excel in specific parts of the value chain, which is crucial when forming sourcing partnerships. Strategic sourcing aims to leverage these comparative advantages by identifying the most efficient and effective sources for goods and services.
Therefore, the statement that strategic sourcing requires a two-way continuous improvement process from each organization is true, not false, as both parties must actively participate and contribute to the enhancement of the overarching business relationship.