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When a system demonstrates ____________________ feasibility,it operates as designed and implemented.
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.
Offshore Suppliers
Businesses located in another country that provide goods or services to companies, often to leverage cost advantages.
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