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SCMN 2150 Test 2 Auburn University Exam prep study guide with Questions and Correct Detailed Answers
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What is procurement? - process of actually purchasing goods and services How does procurement differ from strategic sourcing? - Procurement operations support tactical day-to-day transactions such as issuing purchase orders to suppliers, whereas strategic sourcing represents to strategic planning, supplier development, contract negotiation, supply chain infrastructure, and outsourcing models. What is outsourcing? - obtain (goods or a service) from an outside or foreign supplier, especially in place of an internal source. What costs and challenges are involved in outsourcing? - slower turnaround time
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Institution
Auburn University
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SCMN 2150 Tes 2
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SCMN 2150 Tes 2
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