Reverse auctions,trading exchanges,and company buying sites are all ways that companies can participate in ________.
A)secure extranets
B)product value analysis
C)vendor-managed inventory systems
D)systems selling
E)e-procurement

Question

Quizplus · Accepted Answer

Reverse auctions, trading exchanges, and company buying sites are all examples of e-procurement, which is the process of purchasing goods and services electronically through the internet. E-procurement allows for increased efficiency, cost savings, and access to a wider variety of suppliers.

Reverse Auctions,trading Exchanges,and Company Buying Sites Are All Ways That