Examlex
Which way is the current moving along this coastline?
Procurement
The process of finding, acquiring, buying goods, services, or works from an external source, often via a tendering or competitive bidding process.
Operations
The day-to-day activities required for the ongoing production of goods or services.
Inputs and Outputs
Inputs are the resources (such as labor, raw materials, and energy) used in the production process, while outputs are the products or services generated.
Competitive Strategy
Approaches that a company takes to attract customers, withstand competitive pressures, and strengthen an organization’s market position.
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