Examlex
Decide whether the expression has been simplified correctly.
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Insourcing
The practice of using a company’s internal employees or other resources to accomplish a task.
Just-In-Time
An inventory management strategy that increases efficiency and decreases waste by receiving goods only as they are needed in the production process, reducing inventory costs.
Import Duties
Taxes imposed by a government on goods imported from other countries, meant to protect domestic industries and generate revenue.
Global Procurement
The process of sourcing goods and services from the global market to exploit global efficiencies such as lower cost, enhanced quality, and better supply dynamics.
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