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CAPM · Question #256

What is an example of an emerging trend in procurement management?

The correct answer is D. Online procurement tools provide sellers with designated sources for procurement documents and the resources to complete them. An emerging trend in procurement management is the use of online procurement tools that provide sellers with centralized, designated portals to access procurement documents (e.g., RFPs, RFQs) and the supporting resources needed to complete and submit responses. This streamlines…

Project Management Fundamentals and Core Concepts

Question

What is an example of an emerging trend in procurement management?

Options

  • AOnline technologies enable projects to postpone ordering long lead items until the items are needed.
  • BOnline technologies allow a project's progress to be viewed by all stakeholders to build better relations.
  • COnline procurement tools provide buyers with multiple sources to advertise to sellers.
  • DOnline procurement tools provide sellers with designated sources for procurement documents and the resources to complete them.

How the community answered

(16 responses)
  • A
    6% (1)
  • B
    6% (1)
  • D
    88% (14)

Explanation

An emerging trend in procurement management is the use of online procurement tools that provide sellers with centralized, designated portals to access procurement documents (e.g., RFPs, RFQs) and the supporting resources needed to complete and submit responses. This streamlines the seller side of procurement. Option A is incorrect because online tools actually enable earlier ordering of long-lead items, not delayed ordering. Option B describes stakeholder transparency tools, not procurement trends. Option C reverses the relationship - procurement tools help buyers reach sellers, not sellers reach buyers for advertising purposes.

Topics

#Procurement Management#Emerging Trends#E-procurement#Online Tools

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