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What are the drawbacks of oral communication?
Safety Inventory
Inventory kept as a precaution against supply and demand fluctuations, aiming to prevent stockouts and maintain service levels.
Single Sourcing
The procurement practice of acquiring goods or services from one selected supplier.
Buyer-Specific Investment
Investments made by a company tailored to the needs or specifications of a single buyer, often to strengthen the business relationship or secure long-term contracts.
Procurement Goal
Objectives set by an organization’s procurement department focusing on acquiring goods and services to meet its needs in terms of quality, quantity, timing, and cost.
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