American Express Developed Tools That Improved Compliance with Procurement Rules

question 21

Multiple Choice

American Express developed tools that improved compliance with procurement rules on indirect purchases,or MRO supplies.One of the major performance improvements was the __________.

• A)increase in spot buying
• B)elimination of maverick buying
• C)reduction in billing errors
• D)increase in purchases from local vendors

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Definitions:

Factor-Rating Analysis

A method used in decision making to evaluate different alternatives based on a set of weighted factors.

Country Level

The scale or scope of analysis, policy implementation, or data collection that is focused on an entire country.

Location Decision

The process of choosing a geographical location for a business's operations, facilities, or stores, considering factors like costs, accessibility, and market demand.

Crossover Chart

A chart of costs at the possible volumes for more than one process.