____ involves a process of unbundling the price paid and other components of price over the life cycle of a product or service,to deliver a target cost and a unit rate to determine if it is priced competitively in the marketplace.
A) Cost management
B) Procure-to-pay
C) Supplier relationship management
D) Category management
E) Spend management

Question

Quizplus · Accepted Answer

Cost management involves the process of managing the costs associated with a product or service, including unbundling the price and analyzing each component to determine a target cost and unit rate. This helps to ensure that the product or service is priced competitively in the marketplace. Procure-to-pay, supplier relationship management, category management, and spend management are all related to procurement and supply chain management but do not specifically address the process of unbundling price components.

____ Involves a Process of Unbundling the Price Paid and Other