Streamlining the Corporate E-Procurement Process Within the Organization's Supply Chain

question 30

Multiple Choice

Streamlining the corporate e-procurement process within the organization's supply chain helps control costs in all of the following ways except _________.

• A)reduces the number of employees needed to process purchasing
• B)reduces the procurement cycle time to order and receive items
• C)empowers suppliers to negotiate terms of service
• D)empowers an organization's staff with product information needed to make intelligent decisions when procuring items

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Definitions:

Shareholder

An individual or entity that owns shares in a corporation, making them partial owners and entitling them to dividends and certain rights regarding company governance.

Marketing Information System

A structured system of managing and analyzing marketing data that supports business decision-making related to marketing activities.

Geographic Area

A defined physical space, region, or territory where a business operates or targets its marketing efforts.

Financial Objectives

Specific, measurable goals set by a business or individual to guide financial planning and gauge financial performance.