Question: Procurement What is procurement? Sourcing? Outsourcing? Why is procurement important in Operations Management? Be able to provide examples and explanation where can you find what

Procurement

What is procurement? Sourcing? Outsourcing?

Why is procurement important in Operations Management? Be able to provide examples and explanation where can you find what you need, how much to buy, there and when they should be delivered, how they should be delivered, ect.

Be able to explain how procurement can affect other activities in the VC and SC

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