Major procurement methods include
A) buying at an exchange or industrial mall.
B) buying at private or public auction sites in which the organization participates as one of the buyers.
C) buying directly from manufacturers, wholesalers, or retailers from their catalogs, and possibly by negotiation.
D) all of the above.

Question

Quizplus · Accepted Answer

All of the above procurement methods are major ways in which organizations can acquire goods and services. Buying at an exchange or industrial mall can be useful for finding specific products and supplier options. Private or public auction sites can offer competitive pricing and potentially large quantities of goods. Buying directly from manufacturers, wholesalers, or retailers from their catalogs allows for negotiation and customization options. Therefore, all of these methods are viable procurement options for organizations.

Major Procurement Methods Include