Examlex
In database design,a(n)__________________ occurs when different parts of the organization use different vocabulary to describe the same things.
Multiple Sourcing
A procurement strategy that involves buying a particular product from several suppliers to reduce dependency on any single supplier and to increase competition and flexibility.
Supplier Capacity
The maximum amount of goods or services a supplier can produce or provide within a given timeframe.
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.
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