Which is NOT listed as a source of price in procurement decisions?

• A. Demand forecasts
• B. Commodity markets
• C. Price lists
• D. Price quotations

Answer: (A)

Price in procurement decisions comes from concrete price data such as supplier quotations, published price lists, and current commodity market prices. Demand forecasts describe how much and when you expect to need something, guiding planning and negotiation strategy, but they do not provide a price figure. They can influence terms or volume decisions, yet they aren’t a direct source of price information. That’s why demand forecasts are not considered a source of price in procurement decisions.