Certified Professional Public Buyer (CPPB) Practice Test

How does procurement technology assist organizations?

1. By increasing employee productivity

2. By accelerating business improvements

3. By minimizing supplier costs

4. By improving employee training programs

The correct answer is: By accelerating business improvements

Procurement technology plays a vital role in helping organizations accelerate business improvements. It streamlines and automates various procurement processes, which can lead to faster decision-making and implementation of procurement strategies. By utilizing digital tools and platforms, organizations can efficiently manage supplier information, track purchasing activities, and analyze spending patterns. This enhances overall operational efficiency, enabling companies to respond more quickly to market changes and demands. Additionally, procurement technology can improve collaboration across departments, allowing for agility and responsiveness that are crucial for ongoing business improvement initiatives. While increasing employee productivity, minimizing supplier costs, and enhancing employee training programs are essential aspects of procurement, they are often a byproduct of the broader improvements made possible through the effective use of procurement technology, rather than the primary way that technology assists organizations.