Which of the following is a potential source from which competitive advantage could be derived in the purchasing domain?

Question

Quizplus · Accepted Answer

Historically superior codified knowledge of markets and supply chains can provide a competitive advantage in the purchasing domain as the knowledge can be leveraged to make better purchasing decisions, negotiate better deals with suppliers, and identify new suppliers or markets. Superior technology and buying a product at the cheapest price are not unique sources of competitive advantage as competitors can also invest in technology and engage in price competition. Buying a product efficiently is important but may not necessarily provide a sustainable competitive advantage as competitors can also optimize their purchasing processes.

Which of the Following Is a Potential Source from Which