Certified Professional in Supply Management (CPSM) Practice Test 19

Mr. Thompson is a procurement manager tasked with sourcing raw materials critical to the production schedule of his company. Due to unforeseen geopolitical tensions, prices for these materials have skyrocketed globally. He has received quotations from two suppliers: Supplier A, known for its reliability but with a higher quoted price, and Supplier B, a new entrant offering a significantly lower price but with no established track record. Which of the following options best aligns with strategic procurement principles in this scenario?