Question: Define purchasing, procurement, and sourcing. Explain differences between them. What is The Quadrant Technique and how is it used in purchasing? Why is TLC an

Define purchasing, procurement, and sourcing. Explain differences between them. What is The Quadrant Technique and how is it used in purchasing? Why is TLC an important consideration in logistics and supply chain management? Explain the advantages and concerns of e-procurement. List and explain the different types of e-commerce models.

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