Knowledge Is Power, and Those Who Control Information and Knowledge

question 14

True/False

Knowledge is power, and those who control information and knowledge are likely to gain power.

---

Definitions:

Strategic Sourcing

The systematic and fact-based approach for optimizing an organization's supply base and improving the overall value proposition.

Procurement

The process of finding, acquiring, and buying goods, services, or works from an external source.

E-procurement

The electronic procurement of goods and services using the internet and other information technologies to streamline the purchase-to-pay process.

Secure Information

Information that is protected against unauthorized access, alteration, and disclosure, often through encryption and other security measures.