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What is procurement's role in achieving added value for an organization?
What is procurement's role in achieving added value for an organization?
- To identify and develop new markets and suppliers.
- To engage with other stakeholders in the organization to fully understand sources of added value. (correct)
- To pursue different approaches to try and meet customer expectations.
- To differentiate the organization's offering through innovation.
What is one way that a supplier can make themselves more favorable to an organization when sourcing for goods and services?
What is one way that a supplier can make themselves more favorable to an organization when sourcing for goods and services?
- By being less expensive than alternative suppliers.
- By meeting additional benefits, both tangible and intangible. (correct)
- By having a longer history of providing goods and services.
- By offering the exact same goods or services as alternative suppliers.
What is sustainability procurement?
What is sustainability procurement?
- Procurement which prioritizes the economic impact of the product or service over the environmental and social impacts.
- 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. (correct)
- Procurement which prioritizes the social impact of the product or service over the environmental and economic impacts.
- Procurement which focuses solely on the environmental impact of the product or service.
What is market development?
What is market development?
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What is one source of added value that an organization could pursue?
What is one source of added value that an organization could pursue?
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