The greatest opportunity to affect value in the purchasing process is when:
A) the suppliers) is selected.
B) price and terms are determined.
C) potential suppliers are analyzed.
D) needs are recognized and described.
E) the buyer follows-up and expedites the order.

Question

Quizplus · Accepted Answer

Recognizing and describing needs is the earliest stage in the purchasing process, where the greatest opportunity to affect value exists by ensuring that the right products or services are identified to meet the organization's requirements effectively.

The Greatest Opportunity to Affect Value in the Purchasing Process