Which of the following is NOT a category of the purchasing process?

The correct answer is financial forecasting because it does not directly pertain to the purchasing process categories. The purchasing process primarily focuses on the steps involved in acquiring goods and services, which includes sourcing strategies, execution of purchases, and managing relationships with suppliers and customers.

Sourcing strategy involves determining how to go about acquiring the resources needed, which can include vendor selection and negotiating terms. Execution refers to the actual activities of placing orders, receiving goods, and processing payments. Supplier and customer management is crucial for maintaining strong partnerships that can influence purchasing effectiveness and efficiency.

In contrast, financial forecasting relates to predicting future financial outcomes based on current and historical data. While it may play a role in budget planning and financial decisions within an organization, it is not a direct category of the purchasing process itself. This distinction is vital for understanding the scope and focus areas within purchasing activities.