Which is an advantage of e-sourcing and e-procurement?

Which is an advantage of e-sourcing and e-procurement?

• A. Find new supply sources
• B. Increase cycle times
• C. More paperwork
• D. Higher operating costs

Answer: (A)

E-sourcing and e-procurement expand the sourcing universe by connecting buyers with a much larger set of suppliers online. That wider reach makes it easier to discover new supply sources, compare capabilities and prices, and qualify potential vendors without being limited to the usual network. This typically speeds up supplier discovery, fosters competition, and can lead to better terms and lower costs. Choosing to find new supply sources is the strongest advantage because the other options describe outcomes that these digital processes usually reduce. Online sourcing tends to shorten cycle times, automate workflows, and lower, not raise, operating costs, rather than increasing paperwork.

E-sourcing and e-procurement expand the sourcing universe by connecting buyers with a much larger set of suppliers online. That wider reach makes it easier to discover new supply sources, compare capabilities and prices, and qualify potential vendors without being limited to the usual network. This typically speeds up supplier discovery, fosters competition, and can lead to better terms and lower costs.

Choosing to find new supply sources is the strongest advantage because the other options describe outcomes that these digital processes usually reduce. Online sourcing tends to shorten cycle times, automate workflows, and lower, not raise, operating costs, rather than increasing paperwork.