Identify an application of the seller-side marketplace model that has the main objective of preventing purchases from suppliers that are not on the approved list of sellers.
A)Page title
B)E-procurement
C)Third-party exchange
D)Trading partner agreement

Question

Quizplus · Accepted Answer

E-procurement is a seller-side marketplace model that facilitates purchases made by an organization from its approved list of suppliers. It helps to manage supplier information, track orders, monitor inventory levels, and streamline the procurement process while preventing purchases from suppliers who are not on the approved list.

Identify an Application of the Seller-Side Marketplace Model That Has