Process Management Is a Purchasing Skill That Modern Sourcing Professionals

question 44

Multiple Choice

Process management is a purchasing skill that modern sourcing professionals require. All of the following are elements of supplier process management except ________.

• A) improvement of the sourcing process
• B) manage collaborative processes
• C) initiate supplier development efforts
• D) minimize purchasing costs

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Definitions:

Serial Monogamy

A marriage form in which a man or a woman marries a series of partners in succession.

Extended Family

A family unit that extends beyond the nuclear family to include other relatives such as grandparents, aunts, uncles, and cousins.

Residential Unit

A dwelling or habitation where an individual or group of people live, often considered in the context of social and family structures.

Economic Production

The process of creating goods and services through the combination of labor, materials, and technology, which is fundamental to a country's economy.