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Quotations and competitive bidding to buy

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Reference no: EM131077422

1. Typically, we use quotations and competitive bidding to buy items that several companies can produce. How do we determine who brings the best value to us in addition to price? Please explain your answers

2. What is meant by cost management? How do we go about validating and using this process? Explain your answer.

150-200 words

Reference no: EM131077422

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