21. What are some of the challenges associated with the Conventional Procurement Practices? State Four of the challenge i. ii. iii. iv. 22. Electronic procurement terminologies are new in the procurement environment. In a project meeting at the your office, the Project Manager requires your support to explain the following terminologies to the other project team members I. e-reverse auctioning 11. e-auctioning III. e-sourcing 23. The integration of key business processes from end user through original product suppliers with the aim of providing products, services and information that add value for customers and other stakeholders is key in supply chain management. In view of that, mention Four objectives of supply chain management 24. No relationship should be expected to last forever in the business environment. Therefore state Five Reasons to terninate Buyer / Supplier Relationship i. ii. iii. iv. V. 25. The basic objectives for good procurement is to Fulfil 7 Rs. Mention Four of the 7Rs i. ii. iii. iv