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Seigniorage is the:
Just-In-Time
An inventory strategy companies use to increase efficiency and decrease waste by receiving goods only as they are needed in the production process.
Procurement Process
The series of activities undertaken by an organization to acquire goods or services.
Iron Ore
A rock or mineral from which iron can be extracted for commercial use, typically the primary input in steelmaking.
Sourcing Decision
The process of selecting suppliers to provide goods or services needed by a business.
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