Supply Chain Management Professional (SCMP) · Question
Which procurement method is typically used for highly complex or strategic purchases where collaboration and innovation are key?
Negotiation allows for flexibility and collaboration, making it suitable for complex purchases where terms beyond price are critical.
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Question: Which procurement method is typically used for highly complex or strategic purchases where collaboration and innovation are key?
Answer options:
- Spot buying
- Competitive bidding (sealed bids) ✅ Negotiation
- Reverse auction
Correct answer: Negotiation
Explanation: Negotiation allows for flexibility and collaboration, making it suitable for complex purchases where terms beyond price are critical.
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200 questions · no signup required · 40 free questions per day
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