Final answer:
The primary e-sourcing methods include online auctions, RFQ processing, and private exchanges, and the statement is indeed true. These serve as the main platforms for buyers and suppliers to conduct transactions and negotiations electronically.
Step-by-step explanation:
The statement that the primary e-sourcing methods are online auctions, RFQ processing, and private exchanges is True. E-sourcing is a process where buyers use web-based applications to locate and negotiate with suppliers for goods or services. Online auctions are a platform for suppliers to bid competitively for contracts or business. RFQ (Request for Quote) processing is a standardized method where buyers invite suppliers to bid on specific requirements.
Private exchanges are invite-only platforms that enable a central buyer to procure goods or services from preferred suppliers. These methods streamline procurement, reduce costs, and increase efficiency, and are thus considered the cornerstone of modern e-sourcing strategies. The primary e-sourcing methods are indeed online auctions, RFQ (Request for Quotation) processing, and private exchanges. Online auctions involve multiple buyers and sellers competing to buy or sell products or services through a bidding process.
RFQ processing allows buyers to send requests for quotations to suppliers, who respond with quotes for the requested products or services. Private exchanges are online platforms where buyers and sellers can connect and negotiate business transactions.