A Formal Process Usually Incorporating Software for Analyzing Procurement Data

question 16

Multiple Choice

A formal process usually incorporating software for analyzing procurement data to lower costs is

• A)spend analysis
• B)outsourcing
• C)corporate services
• D)e-procurement

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Definitions:

Practical-Evaluative Agency

The capacity of individuals to critically assess their social environment and make choices that reflect their interests and values.

Iterative Agency

The concept that individuals have the capacity to repeatedly reassess, adjust, and act upon their environments or situations in a way that may alter their conditions and the conditions of others over time.

Projective Agency

The capacity of individuals or groups to envision and pursue future possibilities through their actions, often reflecting broader societal and cultural influences.

Field Agency

Field Agency involves the ability and authority of agents (individuals or entities) to act and make decisions within a specific field or domain.