Asked by Donna Gentry on May 13, 2024
Verified
An advantage of e-sourcing and e-procurement is that there is little risk involved.
E-sourcing
The process of acquiring goods or services for business use through online platforms and electronic negotiations.
E-procurement
Electronic procurement involves the use of online systems and tools to conduct the purchasing process and obtain goods and services.
- Determine the positive and negative aspects of electronic procurement and electronic sourcing.
Verified Answer
EH
Elysium HavenMay 16, 2024
Final Answer :
False
Explanation :
There is always some level of risk involved in any procurement process, including e-sourcing and e-procurement. Some potential risks include supplier performance, data security, and technology malfunctions. However, implementing strong risk management strategies can mitigate these risks.
Learning Objectives
- Determine the positive and negative aspects of electronic procurement and electronic sourcing.