Does the representation of supply in the model

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Reference no: EM133647861

Question: Van Weele (2014) attempts to define some fundamental concepts in the form of a purchasing process model. The model illustrates the basic steps involved in the purchasing process. Study the purchasing process model described on pages 7 - 11 in your textbook (v an Weele 2014) and answer the following questions: What are the similarities and differences between purchasing and procurement? (Hint: think about TCO). What are the similarities and differences between procurement and supply? What is meant by expediting? Does the representation of supply in the model illustrated in figure 1.2 accurately reflect the definition of supply on page 5 of the textbook? What is the difference between RFI and RFQ?

Reference no: EM133647861

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