Question: When the exact specification and performance of a material is unknown ( as with new product development ) , a sourcing manager will use the

When the exact specification and performance of a material is unknown (as with new product development), a sourcing manager will use the following sourcing principle:
Iterative Bidding
Negotiation
Competitive Bidding
Contracting
Vague Sourcing
When the exact specification and performance of a material is unknown

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