Examlex
Differentiate between single sourcing and dual sourcing.
Supply-Chain Management
Involves the strategic planning and execution of supply chain operations, focusing on optimizing cost, quality, and delivery to enhance customer value.
Compete
To strive against others for the purpose of achieving a goal, such as winning a market share or achieving a business objective.
Strategic
Pertaining to the identification, planning, and execution of actions designed to achieve long-term goals and objectives.
Purchasing
The process of obtaining goods or services, typically for business purposes, from an external source.
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