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Sourcing Processes
The methods and procedures used by businesses to identify, evaluate, and contract with suppliers of goods and services.
Supplier Performance Analysis
A method used to assess and measure the effectiveness and efficiency of a supplier's performance in terms of quality, delivery, and cost.
Portfolio of Suppliers
The diverse group of vendors and suppliers that a company utilizes to procure goods and services necessary for its operations.
Replenishment Lot Size
The quantity of stock ordered to replenish inventory, balancing order costs with storage costs.
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