Answer the following statements true (T) or false (F)
1) The spend on building and large equipment is categorized within the capital spend category.
2) The first step in the supplier management process is to select the supplier.
3) When precision in the final product is not important, the supply manager is most likely to use simple specifications in the procurement of the product.
4) When it is important that all items of the product being procured are precisely the same, the supply manager is most likely to use simple specifications in the procurement of the product.
5) A complex specification for the product being procured is called the scope of work.
1) TRUE
2) FALSE
3) TRUE
4) FALSE
5) FALSE
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