Effectively and efficiently applying technology to the supply management process will:
A)lead to increased clerical effort from additional data entry.
B)lead to damaged buyer-supplier relationships from impersonal communication.
C)lower the total cost of doing business.
D)inhibit negotiation planning because of time spent accessing and analyzing data.
E)decrease operating performance because of the volume of available information.

Question

Quizplus · Accepted Answer

Effectively and efficiently applying technology to the supply management process has the potential to lower the total cost of doing business, by automating tasks, eliminating errors, and improving productivity. This can lead to cost savings for both buyers and suppliers, which can then be passed on to customers. Options A, B, D, and E are all incorrect because they do not accurately represent the potential benefits of technology in supply management.

Effectively and Efficiently Applying Technology to the Supply Management Process