In the context of Internet-enabled supply chain management (SCM), which of the following SCM activities involves bargaining and renegotiating prices and term agreements?
A) Order processing
B) Purchasing / procurement
C) Production scheduling
D) Inventory management

Question

Quizplus · Accepted Answer

Purchasing/procurement involves the negotiation and coordination with suppliers for the acquisition of goods or services at the best possible price, quality, and terms. This activity involves online purchasing, electronic auctions, and supplier relationship management in the context of Internet-enabled SCM.

In the Context of Internet-Enabled Supply Chain Management (SCM), Which