Examlex
Which of the following roles are assumed by people and/or departments that link and coordinate the organization with key elements in the external environment?
Competitive Bidding
A procurement process where suppliers submit price bids to win a contract to provide goods or services.
Outsourcing
The business practice of hiring parties outside a company to perform services or create goods traditionally performed in-house.
Supply-Chain Strategy
The planning and execution of all logistics and operations management processes to efficiently align production, distribution, and inventory.
Low-Cost
Referring to products, services, or strategies that require minimal financial outlay while aiming to maintain acceptable or competitive quality and performance.
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