What is difference between purchasing and strategic sourcing

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Reference no: EM131228410

Answer the following questions.

1. What is the difference between purchasing and strategic sourcing?

2. What is supply base rationalization, and what are its advantages and disadvantages?

3. Why is early supplier involvement a good way to integrate the supply chain?

4. Why are second- and third-tier suppliers important to the focal firm?

Reference no: EM131228410

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