4 Questions
What does Strategic Sourcing involve?
Identifying, evaluating, and selecting suppliers based on various criteria such as cost, quality, and reliability
What is the focus of Supplier Relationship Management (SRM)?
Managing and developing relationships with suppliers to maximize the value of the goods and services they provide
What is the main goal of Cost Reduction Strategies?
Exploring opportunities for bulk purchasing, negotiation, and value engineering to optimize costs without compromising quality
What does Technology in Procurement involve?
Leveraging technology solutions to automate processes and improve efficiency
Test your knowledge of supply chain management processes including procurement, manufacturing, and integrated operations planning (IOP) involved in the creation and delivery of goods and services.
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