Examlex
Factor the trinomial.
Value Chain
A series of activities and processes that a company performs to bring a product or service from conception to delivery to the end consumer, adding value at each step.
New Product Development
The process of bringing a new product or service to the market, from idea generation to commercialization.
Supply Chain Strategy
An operational framework designed to achieve competitive advantage and optimize efficiency, focusing on the flow of goods, information, and finances from supplier to customer.
Procurement
The method of locating, negotiating terms, and obtaining products, services, or projects from an outside source, typically through a tendering or competitive bidding procedure.
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