ENTREPRENEURIAL OPERATIONS
SUPPLY CHAIN MANAGEMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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At the right price
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Of the right quantity
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Of the right quality
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From the right source
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Detailed explanation-1: -E-procurement aims to improve performance of what is known as the ‘five rights of purchasing’. One aim of e-procurement is increasing savings by sourcing items: Of the right quality. At the right price.
Detailed explanation-2: -The goal of using an e-procurement system is to acquire products or services at the best possible price and at the best possible time. To meet this objective, it’s important for businesses to establish relationships with suppliers. This enables procurement personnel to negotiate contracts with suppliers.
Detailed explanation-3: -The five Rs of reverse logistics are returns, reselling, repairs, replacements, and recycling. The processes and solutions you apply to each of these can help your business improve its results.
Detailed explanation-4: -Right Quality. Right Quantity. Right Place. Right Time. Right Price. 01-Oct-2019