Concerning Procurement, which of the following statements are true? Select all correct answers. Lowering the complexity of the item and consolidating the buy allow a company to reduce risk and increase the volume to be purchased. Internal assessment is the step of the sourcing process intended to understand which evaluation criteria to use during the purchase as well as analyze the market trends. Outsourcing is defined as moving a set of activities/functions/services to a contractor. Value-based sourcing focuses on price and total cost of ownership. None of the above.