Examlex
Authority that flows up and down the chain of command is called ________.
Sourcing Processes
The procedures and steps taken by a company to identify, evaluate, and contract suppliers for goods and services.
Sourcing Strategy
The approach a company takes to determine how and where it will obtain its products or services.
Lowest Possible Cost
The minimal expense incurred in the production or procurement of goods, often pursued through efficient processes and economies of scale.
Supplier Scoring
A method used to evaluate and rank suppliers based on various performance metrics to ensure quality and reliability in procurement.
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