A company's acquisition Web site that uses e-procurement methods such as reverse auctions,negotiations,or group purchasing to overcome the manual searching of e-stores is referred to as ________.

Question

Quizplus · Accepted Answer

Buy-side e-marketplace is an online platform provided by a company to its employees or authorized suppliers to procure goods and services. It uses e-procurement methods like reverse auctions, negotiations or group purchasing to make the procurement process efficient and streamlined. The other options, such as desktop procurement method, intermediary and aggregated catalog, do not fit the description mentioned in the question.

A Company's Acquisition Web Site That Uses E-Procurement Methods Such