Examlex
The _______ in the control process is comparing actual activity to performance standards.
Supplier Selection
The process of evaluating and choosing suppliers based on criteria such as price, quality, delivery time, and service, ensuring the best compatibility and value for the purchasing organization.
Supplier Scoring
A method used to rate and evaluate the performance of suppliers based on various criteria such as delivery time, quality, and cost.
Procurement
The process of finding and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process.
Demand Uncertainty
This refers to the unpredictability of customer demand for products and services, affecting inventory, production, and distribution planning in supply chains.
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