CIMA Managing Finance in a Digital World E1 Question # 53 Topic 6 Discussion

CIMA Managing Finance in a Digital World E1 Question # 53 Topic 6 Discussion

E1 Exam Topic 6 Question 53 Discussion:
Question #: 53
Topic #: 6

Which THREE of the following suggest an integrative approach to organisational purchasing according to Reck and Long?


A.

Purchasing managers are involved in strategy development.


B.

Competitive strategies rely on the effectiveness of organisational purchasing.


C.

Suppliers are viewed as vital partners.


D.

Supply is obtained at the best price once requested by departments.


E.

Timely information about product prices and availability can be obtained through organisational systems.


F.

Efficiency is at least equal to other organisational operations such as payroll and invoicing.


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