Examlex
Examine the pH scale below. How does grapefruit juice compare to lemon juice?
Multiple Sourcing
A procurement strategy where a company uses several suppliers for a certain component or product to reduce dependency on a single source.
Request for Proposal (RFP)
A document issued by a company asking for detailed proposals from potential suppliers or contractors for a specific project or service.
Specifications
Detailed descriptions of the requirements, characteristics, or performance standards of a product, service, or material.
Request for Quotation (RFQ)
A formal solicitation process where suppliers are asked to provide bid proposals on specified goods or services, including price and delivery details.
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