Question: 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

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 items at a lower cost. There are many types of e-sourcing. Web portals which offer an online store for buyers and suppliers to conduct transactions would be called Multiple Choice e-REX Electronic marketplaces. Reverse auctionsling Relating to on-site supplier representatives, one of the earliest company examples of this concept was: Multiple Choice Bose Corporation O General Motors Hewlett Packard ho Mout spends more than US $30 billion annually for materials and has consolidated procurement across their multiple divisions. The firm has achieved a "top 10" ranking by Bloomberg Business Week in their annual listing of the most innovative companies in the world. Multiple Choice CP O Dell Computer iken LG Electronics

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