Organisations usually undertake a formal process to determine their preferred suppliers.

Name: Organisations usually undertake a formal process to determine their preferred suppliers.
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Question

Quizplus · Accepted Answer

This is true. Organizations usually have a formal process in place to select their preferred suppliers, which may involve issuing a request for proposal (RFP), conducting vendor evaluations, negotiating contracts, and conducting ongoing performance reviews.

Organisations Usually Undertake a Formal Process to Determine Their Preferred