Examlex
Most citizens decide to conform their behavior to expected norms because they believe that it is right, not because they actually fear punishment.
Supplier Capacity
The maximum amount of goods or services a supplier can produce or provide within a given timeframe.
Request for Quotation (RFQ)
A document issued by a buyer to suppliers, inviting them to submit a bid specifying the pricing and terms under which they would commit to sell a product or service.
Strategic Purchase
The acquisition of goods or services with a long-term perspective, considering factors such as cost, quality, and supplier relationships for competitive advantage.
Supply Department
The division within an organization responsible for managing the procurement and supply of goods and services.
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