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SCMT 21003 Stephanie Thomas Exam 2 Questions and Correct Answers
NewSCMT 21003 Stephanie Thomas Exam 2 Questions and Correct Answers 
Purchasing - Correct Answer -Largely transactional activity 
 
Facilitated by the placement & processing of a PO 
 
Procurement - Correct Answer -Range of processes related to an organization's need to procure (buy) goods & services 
 
-Examples of activities - supplier selection, price negotiation, contract management 
 
Strategic Sourcing - Correct Answer -Broader than procurement, align with organizational and supply chain g...