Final answer:
Strategic sourcing generally means forming long-term relationships with suppliers rather than short-term ones; the statement is false.
Step-by-step explanation:
Strategic sourcing typically involves forming long-term relationships with suppliers to leverage detailed understanding of the company's needs and suppliers' capabilities to set prices and achieve sustained value. Therefore, the notion that strategic sourcing involves forming a short-term relationship is false. Moreover, while negotiation is a part of the process, strategic sourcing is also about building relationships that will bring about value beyond just pricing, like quality improvement, innovation, and supply chain efficiency.