Define the term procurement

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Reference no: EM131705280

1. Give brief answers for the following questions:

a-What is purchasing?

b-Define the term ‘procurement.’

c-What is the importance of procurement in a supply chain?

d-Who are qualified suppliers?

e-What is e - procurement?

f-Outline the main aims of procurement.

g-Outline some common manufacturing strategies.

2. Describe the procurement cycle in details.

3. Which approaches are used to monitor the performance of suppliers?

Reference no: EM131705280

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