Question: you do not have to do question 6 - Read chapter 2 Please be familiar with the terms in this chapter. -Answer the following questions:

you do not have to do question 6

- Read chapter 2 Please be familiar with the terms in this chapter. -Answer the following questions: 1. What is e-procurement and how can it help improve the competitive edge of an organization? 2. What are some things you should consider if you are the person choosing the suppliers? 3. What is the difference between centralized and decentralized purchasing? What are some advantages of each? 4. What does inventory turnover measure? 5. Give a reason for using a single supplier and then give a reason for using multiple suppliers. 6. Read pages 47.49 and then turn to page 83 and look under Spreadsheet Problems and answer number 2 and 6

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