The main objectives of _____ are to prevent purchases from suppliers that are not on the approved list of sellers and eliminate the processing costs of purchases.
A) horizontal markets
B) e-procurement
C) third-party exchange marketplaces
D) trading partner agreements

Question

Quizplus · Accepted Answer

The main objectives of e-procurement include ensuring purchases are made from approved suppliers and reducing processing costs by automating the procurement process through digital platforms. Horizontal markets refer to platforms that connect buyers and sellers in the same industry, third-party exchange marketplaces refer to online marketplaces that facilitate transactions between buyers and sellers, and trading partner agreements refer to agreements between two companies to work together to achieve common goals.

The Main Objectives of _____ Are to Prevent Purchases from Suppliers