Understanding learning curves will enable procurement specialists to determine the number of units of the specialized item that they plan to order and then negotiate with the supplier based on the order size.This statement is an application of learning curves in which of the following functions?
A)workforce planning and scheduling
B)cost estimation and budgeting
C)new product pricing
D)procurement negotiations in supply chains

Question

Quizplus · Accepted Answer

Learning curves can be used in procurement negotiations in supply chains to determine the order size and negotiate with the supplier based on the order size. This helps procurement specialists to understand the cost savings and efficiencies that can be achieved through larger order quantities.

Understanding Learning Curves Will Enable Procurement Specialists to Determine the Number