Effectively and Efficiently Applying Technology to the Supply Management Process

question 27

Multiple Choice

Effectively and efficiently applying technology to the supply management process will:

• A)lead to increased clerical effort from additional data entry.
• B)lead to damaged buyer-supplier relationships from impersonal communication.
• C)lower the total cost of doing business.
• D)inhibit negotiation planning because of time spent accessing and analyzing data.
• E)decrease operating performance because of the volume of available information.

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Definitions:

Consultants

Professionals who provide expert advice in a particular area, such as business, education, law, or healthcare.

Achievable Targets

Goals that are realistic and can be accomplished within a set timeframe, taking into account available resources and constraints.

Temporary Leadership

A leadership role assumed on an interim basis during periods of transition or until a permanent leader is appointed.

Consulting Engagement

An agreement in which a company hires an external party to provide expert advice and services.