A corporate-based acquisition site that uses reverse auctions,negotiations,group purchasing,or any other e-procurement method best defines
A) desktop procurement method.
B) buy-side e-marketplace.
C) intermediary.
D) aggregated catalog.

Question

Quizplus · Accepted Answer

A buy-side e-marketplace is a platform that is controlled and operated by a company or organization and is used to purchase goods or services from suppliers through reverse auctions, group purchasing, negotiations, or any other e-procurement method. This platform is designed to streamline procurement for the company and ensure better prices and quality from suppliers. Desktop procurement method pertains to the process of purchasing goods or services through a personal computer. Intermediary refers to a third party that facilitates transactions between buyers and sellers. Aggregated catalog is a collection of products from different suppliers that are grouped together for easier procurement.

A Corporate-Based Acquisition Site That Uses Reverse Auctions,negotiations,group Purchasing,or Any