Question

By bulk buying of items, One aim of e-procurement is to increase savings
Options
right thing
Oright quality
right price
Oright quantity​

Answer 1

Answer:

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Answer 2

Answer:

By bulk buying of items, One aim of e-procurement is to increase savings

Of right quantity​

E-procurement aims to improve the performance of what is known as the 'five rights of purchasing'. One aim of e-procurement is to increase savings by sourcing items: Of the right quality. At the right price.

Procurement is the act of obtaining goods or services, typically for business purposes. Procurement is most commonly associated with businesses because companies need to solicit services or purchase goods, usually on a relatively large scale.

Explanation:

Electronic procurement, also known as e-procurement or supplier exchange, is the process of requisitioning, ordering, and purchasing goods and services online. It is a business-to-business process. Unlike e-commerce, e-procurement utilizes a supplier's closed system and is only available to registered users.

Benefits of E-Procurement:

• Cost Savings. Built-in monitoring tools help control costs and maximize performance, reducing overhead and paperwork. ...
• Shorter Purchasing Cycles.
• Improved Inventory Control.
• Transparency.