Which of the following statements is FALSE?
A) Centralized purchasing is where individual, local purchasing departments, such as at the plant level, make their own purchasing decisions.
B) Electronic procurement systems can aid a company in saving both time and money.
C) More than 50% of each sales dollar typically goes towards covering supply chain costs.
D) If a firm lacks the technology to make a required component they will need to consider buying/outsourcing.

Question

Quizplus · Accepted Answer

Centralized purchasing is where purchasing decisions are made by one central department, not individual local departments.

Which of the Following Statements Is FALSE