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

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.

Procurement portals are for a company's suppliers.

Definitions

Learning Objectives

Learning Objectives

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