Question: Supply management is a broader concept than purchasing. True False All of the following are conditions under which competitive bidding is effective except _____. a.

Supply management is a broader concept than purchasing.

True

False

All of the following are conditions under which competitive bidding is effective except _____.

a.

the buyer has a preferred supplier for the item
b.

the specifications or requirements are clear to the seller
c.

the marketplace is competitive
d.

adequate time is available for suppliers to evaluate the RFQs
e.

volume is high enough to justify this method

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