Examlex
___________ is a world where interconnected, Internet-enabled devices or "things" can collect and share data without human intervention.
Supply Management Process
A comprehensive approach to managing the acquisition of goods and services, from understanding the needs to selecting suppliers and managing relationships.
Efficiency
The degree to which a process, system, or organization minimizes waste and utilizes resources optimally to achieve desired outcomes.
Cost Analysis
The process of evaluating the costs associated with a project or business operation to determine its financial feasibility and identify areas for cost reduction.
Multiple Source
The practice of procuring a good or service from several suppliers to reduce dependency on any single supplier and increase competitiveness.
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