Operations and Supply Chain Management
Operations and Supply Chain Management
14th Edition
ISBN: 9780078024023
Author: F. Robert Jacobs
Publisher: MCG
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Chapter 16, Problem 2OQ
Summary Introduction

To explain: The process term for the given description.

Sourcing and procurement:

Sourcing is the procedure of finding a source from which the goods can be obtained. Procurement deals with the obtaining of goods and services.

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