Procurement Professional Are Focused on the Total Cost of Ownership

Multiple Choice

Procurement professional are focused on the total cost of ownership (TCO) in their vendor selection strategies. This implies that:

A) procurement is now increasingly charged with pushing back inventory to vendors.
B) there is increased consideration of trade-offs among purchase price, quality, and vendor capability.
C) procurement is decreasing its emphasis on the importance of vendor certification and audit programs.
D) there is increased emphasis on procuring at the lowest purchase price possible.