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The process of purchasing supplies and materials online is known as what?
AValue-stream mapping of the purchases
BPerpetual inventory of the purchases
CE-procurement of supplies and materials
DCellular manufacturing of the materials
Answer & Solution
Correct answer: C. E-procurement of supplies and materials
1. E-procurement is the process of purchasing supplies and materials online using the internet.
2. Many manufacturing firms use the internet to keep key suppliers informed about their requirements.
3. The internet also gives buyers quick access to information about the products and services of hundreds of potential suppliers.
_Source: OpenStax Introduction to Business (CC BY 4.0), Ch 10 "Achieving World-Class Operations Management", section E-Procurement, Electronic Data Interchange, and Blockchain_
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