Mediation,like Arbitration,is Often a Compulsory Process in Which the Mediator

question 53

True/False

Mediation,like arbitration,is often a compulsory process in which the mediator can render a decision,which is binding upon the parties.

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Definitions:

Procurement Cycle

The process of acquiring goods and services from identification of need through to the end of a service contract or life of an asset.

Manufacturer/Supplier Interface

The point of interaction or relationship between manufacturers and their suppliers, critical for supply chain management and operations.

Push/Pull View

A strategy in supply chain management focusing on the production (push) based on forecasted demand and the distribution (pull) driven by actual customer demand.

Supply Chain Processes

The series of actions or steps taken to effectively produce and deliver products or services from supplier to customer.