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Describe the procurement cycle in details

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Reference no: EM131699759

a. Give brief answers for the following questions:

  1. What is purchasing?
  2. Define the term 'procurement.'
  3. What is the importance of procurement in a supply chain?
  4. Who are qualified suppliers?
  5. What is e - procurement?
  6. Outline the main aims of procurement.
  7. Outline some common manufacturing strategies. 

b. Describe the procurement cycle in details. 

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

Reference no: EM131699759

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