With Globalization, OM Has Become a Way for Companies to Gain

question 55

True/False

With globalization, OM has become a way for companies to gain a competitive advantage.

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Definitions:

Corporate Tail Spend

The small amount of spend that accounts for a majority of an organization's transactions but a minority of its overall spend, often unmanaged or undermanaged.

Business Supply Spending

Expenditure by businesses on the procurement of goods and services necessary for their operations, including office supplies, machinery, and software.

Core Corporate Functions

Essential activities or operations critical to the management and sustained success of a corporation, such as finance, human resources, and marketing.

Suppliers

Individuals or companies that provide goods or services to another entity, typically within a supply chain.