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What is the first step in any negotiation session?
Quantity Flexibility
An adjustment mechanism within supply chain management allowing for changes in order quantities to meet actual demand.
Market Intelligence
The process of gathering, analyzing, and interpreting information about a market, including information about competitors, customers, and other market dynamics.
Intermediary
A third-party agent or entity that acts as a mediator or facilitator between two parties in a transaction, often involved in the distribution chain.
Supply Chain Surplus
The difference between the value a product provides to the customer and the cost of the supply chain in fulfilling that demand.
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