Operations and Supply Chain Management (Mcgraw-hill Education)
Operations and Supply Chain Management (Mcgraw-hill Education)
15th Edition
ISBN: 9781259666100
Author: F. Robert Jacobs, Richard B Chase
Publisher: McGraw-Hill Education
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Chapter 16, Problem 6OQ
Summary Introduction

To explain: The term that fits the given description.

Sourcing and procurement:

Sourcing is the method of selecting a source for attaining goods and services. Procurement is the process of buying goods and services.

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