Question: 1. Define and discuss the differences between purchasing, procurement, and strategic sourcing. 2. What is the significance of globalization in supply chain management? 3. Describe

1. Define and discuss the differences between purchasing, procurement, and strategic sourcing. 2. What is the significance of globalization in supply chain management? 3. Describe how a supply chain information system enables process excellence and links the essential elements. 4. What is the "Order-toCash" cycle? 5. Define and discuss Activity Based Costing, including its impact on profitability. 6. List, and briefly describe the steps in the process model for forming and implementing successful supply chain relationships

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