Asked by Vishaldeep Singh on May 01, 2024
Verified
Procurement portals are for a company's suppliers.
Procurement Portals
Corporate portals that automate the business processes involved in purchasing or procuring products between a single buyer and multiple suppliers.
Suppliers
Entities or individuals that provide goods or services to another entity, typically as part of a supply chain.
- Understand the importance of extranets and procurement portals in enhancing collaboration and simplifying dealings with suppliers.
Verified Answer
MA
Maggie AsamoahMay 06, 2024
Final Answer :
True
Explanation :
Procurement portals are designed for companies to manage and facilitate interactions with their suppliers, including sourcing, purchasing, and managing supplier information.
Learning Objectives
- Understand the importance of extranets and procurement portals in enhancing collaboration and simplifying dealings with suppliers.
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