ENTREPRENEURIAL OPERATIONS
INVENTORY MANAGEMENT
|
Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
|
Which of the following deals with identifying/managing suppliers; placing orders?
|
|
Procurement (sourcing and purchasing)
|
|
|
Inventory management
|
|
|
Demand management
|
|
|
Accounting
|
Explanation:
Detailed explanation-1: -There are four types of procurement: Direct procurement, indirect procurement, goods procurement, and services procurement.
Detailed explanation-2: -Procurement management is also referred to as the source-to-settle process. It encompasses the evaluation, selection, and creation of formal contractual agreements as well as managing the company’s ongoing supplier relationships. Procurement is a complex discipline spanning many interrelated activities.
There is 1 question to complete.