____ is the process of developing external industry intelligence and analysis,internal demand,supply base capabilities and operational risks,and a strategy to approach that marketplace with the organization's needs to match it with what suppliers can offer.
A) Spend analysis
B) Cost management
C) Contract management
D) Category management
E) Procure-to-pay

Question

Quizplus · Accepted Answer

The process described in the question is category management, which involves analyzing the organization's needs and the marketplace, and developing strategies to match those needs with what suppliers can offer. Spend analysis, cost management, contract management, and procure-to-pay are all important parts of procurement and supply chain management, but they do not encompass the full range of activities involved in category management.

____ Is the Process of Developing External Industry Intelligence and Analysis,internal