What do many government and organizational procurement departments do instead of paying set prices for their purchases?
A) Determine the lowest prices available for items that meet specifications.
B) Approach the supplying industry and get an average estimate of price from all producers.
C) Always negotiate with favoured suppliers to get exactly what they want.
D) Call the federal supply agency and place an order with their government-run factory.

Question

Quizplus · Accepted Answer

Procurement departments often aim to find the lowest prices for items that meet their specifications to ensure cost-effectiveness and value for money in their purchasing decisions.

What Do Many Government and Organizational Procurement Departments Do Instead