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Procure-to-Pay
An end-to-end process in the procurement function that starts with sourcing and ends with payment for the procured goods or services.
Insourcing
The practice of conducting business processes or services internally rather than outsourcing them to third-party firms.
Unique Process
A specialized and distinctive method or procedure employed in the production of goods or delivery of services.
Outsourcing
The practice of hiring third parties to perform services or create goods that traditionally were performed in-house, often for efficiency and cost savings.
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