About 70 percent of the opportunity for value improvement lies in:
A)supplier selection and contract negotiations.
B)evaluation of potential suppliers and supplier selection.
C)identification and evaluation of potential suppliers.
D)specification and identification of potential suppliers.
E)need identification and specification.

Question

Quizplus · Accepted Answer

About 70 percent of the opportunity for value improvement lies in the early stages of the procurement process, which are need identification and specification. This is because clear and accurate identification of needs and detailed specifications can significantly influence the overall effectiveness and efficiency of the procurement process, leading to better value.

About 70 Percent of the Opportunity for Value Improvement Lies