The goal of procurement isA) to analyze spending across various suppliers and component categories to identify opportunities for decreasing the total cost.B) to analyze spending across various suppliers and component categories to identify opportunities for increasing the total cost.C) to enable orders to be placed and delivered on schedule at the lowest possible overall cost.D) to enable orders to be placed and delivered on schedule regardless of cost.

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Jhensy Dorestal · Accepted Answer

Final Answer : C, Explanation :  The goal of procurement is to enable orders to be placed and delivered on schedule at the lowest possible overall cost. Procurement involves analyzing spending across various suppliers and component categories to identify opportunities for cost savings while still ensuring on-time delivery of goods or services. Therefore, option C accurately describes the goal of procurement. Options A and B are incorrect as they suggest increasing or decreasing the total cost, which is not the primary goal of procurement. Option D is also incorrect as it suggests that cost is not a factor in procurement, which is not true.

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