Question: In procurement spending under management is defined as 1- A macro-measure of the total cost of procurement 2- A mount of cost avoidance 3-

In procurement "spending under management" is defined as "

1- A macro-measure of the total cost of procurement

2- A mount of cost avoidance

3- Engaging in forwarding buying in order to obtain items at a lower cost

4- Greater efficiencies in the various aspects of purchasing and procurement

5- Total amount of spend that is influenced by procurement

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related General Management Questions!

Q:

ok done so u can seperate it Name MULTIPLE CHOICE. Choose the one alternative that best completes the statement or answers the question. 1) All of the following statements about licensing are correct...

Q:

In procurement, "spend under management" is defined as : 1-Greater efficiencies in the various aspects of purchasing and procurement. 2-Engaging in forwarding buying in order to obtain items at a...

Q:

In procurement, "spend under management" is defined as: Multiple Choice A macro-measure of the total cost of procurement. Amount of cost avoidance. O Engaging in forward buying in order to obtain...

Q:

In procurement, "spend under management" is defined as: Multiple Choice A macro - measure of the total cost of procurement. Amount of cost avoidance. Engaging in forward buying in order to obtain...

Q:

Question Scenario 1. (30 marks) You have applied for a Buyer-Procurement position with Well Care Medical Products. Well Care Medical Products are known internationally for their manufacturing of...

Q:

Controller, Judy Koch, in a recent speech said, "I rarely see a real variable cost or a truly fixed cost." What did she mean? Include in your response an explanation of the difference in behavior of...

Q:

Please see attached file and answer (1-2 pages) the following questions: - What is the structure of this industry? - Who are the primary players? - What external risks does the industry face? Table...

Q:

As a continuation of the story described in Case One, Jackson Excursions (JE) decides that it is the best interest of their company to outsource their purchasing function to a third-party in...

Q:

This a group assignment. i need to answer a simple question about WACC. Plz help me. THE PATHWAY FROM CONSTRUCTION TO PRODUCTION 2003 The dream begins 2004 Cloudbreak identified 2005 S&P/ASX 200...

Q:

African Journal of Procurement, Logistics & Supply Chain Management (https://damaacademia.com/ajplscm/) Volume 1, Issue 3, pp.36-49, March 2019 Published by: Dama Academic Scholarly & Scientific...

Q:

Determine the load-carrying capacity of a strut made with 2 ISA 100 x 100 x 8 mm back to back if the length of the member is 3.6 m and welded to a gusset plate of 10 mm thick.

Q:

Consider the readings for the week (Pardillo, 2020; Van Hook, 2019). Address the following questions for your current place of work, a place of work you are familiar with, or an organization with...

Q:

If Westland Manufacturing finds that its cost of funds changes from 8 % to 1 1 % , what will happen to the NPV of the project? It will decrease. It will become zero. It will increase. It will remain...

Q:

A hula hoop and solid disc of equal radii are rolled, from rest and without slipping, down an incline plane. Which one will reach the bottom of the inclined plane first? Explain.

Q:

The rates charged by a shipper vary with the commodity shipped. Name and describe four factors that affect the rates. LO.1

Q:

What are the major legal types of carriage? What are the three areas of economic regulation? To which legal type of carriage do they apply? LO.1

Q:

Compare common and contract carriage. How do they differ from private carriage? Which will give the highest level of service? LO.1