High School

________ automate the business processes involved in selling products from a single supplier to multiple buyers.

A) Supplier portals
B) Reference portals
C) Customer portals
D) Procurement portals
E) Sourcing portals

Answer :

Final answer:

Procurement portals are online platforms that streamline the process of selling products from one supplier to multiple buyers, improving the efficiency and accuracy of these business procedures.

Explanation:

The correct answer to the question is D) Procurement portals. These are online platforms that automate the business processes involved in selling products from a single supplier to multiple buyers. They do this by consolidating all purchasing requirements and helping streamline purchase orders, invoices, and payments. For example, a procurement portal may allow a company to list its products, set prices, and manage orders from multiple buyers in one place. This reduces the manual effort that would be required to handle these sales processes individually, improving efficiency and reducing errors.

Learn more about Procurement Portals here:

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