The benefits of e-procurement include access to new suppliers, lower purchasing costs, and more time-efficient order processing and delivery.

Question 1The benefits of e-procurement include access to new suppliers, lower purchasing costs, and more time-efficient order processing and delivery.

True

False

Question 2Companies can allow their suppliers access to online sites on which the company posts its buying needs, requests bids, negotiates terms, and places orders, thus minimizing research steps and costs.

True

False

Question 3E-procurement has caused the time between order and delivery to increase significantly.

True

False

Question 4Digital and social media are useful primarily for consumer products and services companies.

True

False

Question 5Government organizations typically require suppliers to submit bids, and normally they award the contract to the lowest bidder.

True

False