In a New Task Purchase Situation, Potential Vendors Are Often

question 65

True/False

In a new task purchase situation, potential vendors are often involved in helping the buyer develop clear specifications of what is needed.

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Definitions:

E-procurement

The use of electronic methods, typically through internet-based applications, to conduct transactions and purchase goods and services.

Procuring Supplies

The process of obtaining materials, goods, and services needed for operations, production, or resale.

Drawbacks

The disadvantages or negative aspects of a situation, plan, or product that may deter decision-making or decrease effectiveness.

Certifications

Formal recognitions provided by third parties, indicating that an individual or organization meets specific standards of quality, skill, or competence.