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Tailored Sourcing
The practice of customizing the procurement process to fit the specific needs and requirements of a business.
Improve Profitability
Involves strategies and actions aimed at increasing the net income relative to revenue, effectively enhancing the financial performance of a business.
Profitability
A measure of the efficiency of a company in generating profits from its operations, calculated as the ratio of net income to revenue.
Sourcing
The process involved in finding, evaluating, and engaging suppliers of goods and services.
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