Question: Effective supply market intelligence involves the following; Question 3 Answer a . Developing Planning Options and Contingency Plans that Support Procurement Plans. b . Identifying

Effective supply market intelligence involves the following;
Question 3Answer
a.
Developing Planning Options and Contingency Plans that Support Procurement Plans.
b.
Identifying the critical materials and services required to support company strategies in key performance areas, particularly during new-product development.
c.
Supporting the Procurement Need for a Diverse and Locally Competitive Supply Base
d.
Monitoring Financial Markets and Trends

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