Application software for the procurement process is available: only through an ERP system O only through a systems developer O only from an application software provider (ASP) through an ERP system, a systems developer, or an ASP Which of the following is not ture regarding the three stages for conducting reverse auction events. Identify the appropriate suppliers to participate in the reverse auction Auction rules should be known up-front and strictly followed to foster credibility and encourage future participation Negotiation or clarification may occur before the final contract is signed Suppliers are encouraged td submit bids after the auction event ends to secure the business. The preparation process for supply management's policy and procedure manual should never reveal inconsistencies and discrepancies. O True False An extranet is a public internet that is extended to authorized users outside the company such as suppliers. True False In an invoiceless system, the supplier is notified that payment will be made in a set number of days from receipt of satisfactory merchandise. True O False ERP systems and implementation is relatively inexpensive and can be implemented with ease in most large organizations. O True Falts