5 Questions
What is procurement's role in achieving added value for an organization?
To engage with other stakeholders in the organization to fully understand sources of added value.
What is one way that a supplier can make themselves more favorable to an organization when sourcing for goods and services?
By meeting additional benefits, both tangible and intangible.
What is sustainability procurement?
Procurement which supports the sustainability goals of the organization and optimizes the environmental, social and economic impacts over the lifecycle of the product or service.
What is market development?
A procurement strategy that looks at finding new markets and suppliers which are able to support growth.
What is one source of added value that an organization could pursue?
Reduced input costs.
"Maximizing Added Value in Procurement: Test Your Knowledge!" Are you a procurement professional looking to enhance your understanding of added value? Take this quiz and assess your knowledge on how suppliers pursue different approaches to meet and exceed customer expectations. Learn about the various sources of added value and the role of procurement in engaging with stakeholders to fully understand them. Sharpen your procurement skills and gain valuable insights to maximize added value for your organization.
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