Examlex
Match the term or phrase with the correct description.
-Schick test
Strategic Sourcing
An approach to procurement that emphasizes continuous improvement and development of purchasing activities to enhance competitive advantage.
Strategic Sourcing Process
A method used by organizations to evaluate and engage suppliers with the objective of achieving cost savings, improving quality, and obtaining more favorable terms.
Sourcing Strategy
The approach an organization takes to manage procurement processes and supplier relationships to optimize cost, quality, and supply reliability.
Supplier Selection Criteria
The standards or benchmarks that companies use to evaluate and choose among potential suppliers.
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