____ invite sellers to submit bids for products and services.
A)Reverse auctions
B)Collaborative planning and forecasting
C)E-marketplaces
D)Maintenance, repair, and operations services

Question

Quizplus · Accepted Answer

Reverse auctions specifically involve inviting multiple sellers to bid on one product or service, with the goal of the lowest bid winning. Collaborative planning and forecasting is a process for coordinating supply chain activities, while e-marketplaces and maintenance, repair, and operations services are broader terms that do not necessarily involve competitive bidding.

____ Invite Sellers to Submit Bids for Products and Services