The business environment is changing dramatically,and organizational buying is also changing.As organizations are pressured to improve product quality,control costs,and minimize inventory,they are:
A) elevating their purchasing directors to reflect the increasing importance of this function.
B) replacing just-in-time inventory control with a more practical technique.
C) using less global sourcing to reduce transportation costs.
D) using reduced value analysis.
E) all of these.

Question

Quizplus · Accepted Answer

The statement mentions that organizations are elevating the importance of purchasing directors, which implies that the role of procurement is becoming more critical. Therefore, option A is the correct choice. Option B is incorrect because the statement does not suggest that organizations are replacing just-in-time inventory control. Option C is incorrect because the statement does not mention anything about reducing global sourcing. Option D is incorrect because "reduced value analysis" is not a recognized term in the procurement field.

The Business Environment Is Changing Dramatically,and Organizational Buying Is Also