Which of the following is not a step in a process for driving down purchasing expenditure?
A) Check contracts currently in place with suppliers.
B) Find the best possible contract for the company's needs.
C) Develop the best possible solution in close collaboration with the selected, best-in-class supplier.
D) Accept the supplier's first price.

Question

Which of the following is not a step in a process for driving down purchasing expenditure? 
A) Check contracts currently in place with suppliers. 
B) Find the best possible contract for the company's needs. 
C) Develop the best possible solution in close collaboration with the selected, best-in-class supplier. 
D) Accept the supplier's first price.

Quizplus · Accepted Answer

Accepting the supplier's first price is not a step in driving down purchasing expenditure. In fact, it is important to negotiate and try to get the best possible price from the supplier in order to lower overall costs.

Which of the Following Is Not a Step in a Process