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Supplier Evaluation
The process of assessing and approving potential suppliers based on various criteria such as performance, reliability, quality, and price.
Composite Score
An overall score that combines multiple individual metrics or scores to provide a summary measure.
Waste Management
The collection, transport, processing, recycling or disposal, and monitoring of waste materials to reduce their effect on health, the environment or aesthetics.
Holding Cost
The expense associated with maintaining inventory, including storage, insurance, depreciation, and opportunity costs, among others.
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