Examlex
If one traveled south from the grasslands of central Africa, one would reach
Make or Buy
A decision-making process used by companies to determine whether they should produce goods internally or purchase them from an external supplier.
Indirect Spend
Expenses incurred for materials, services, and maintenance that do not directly contribute to the production of goods.
Direct Spend
Expenses directly tied to the production of goods or services, such as raw materials and labor.
Outsourced
The practice of having certain job functions or processes handled outside of the company, typically by a third party, to reduce costs or focus on core competencies.
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