Relationships in purchasing-procurement-strategic sourcing

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1. Describe and discuss the differences and relationships between purchasing, procurement, and strategic sourcing. How have these concepts evolved?

2. Using the quadrant or risk/value technique, categorize the importance of the following items for an automobile manufacturer: engine, tires, gasoline, paper for the employee newsletter, a uniquely designed and engineered muffler, and rail car service to dealers. Describe the rationale you used to ascertain each categorization.

Reference no: EM132216908

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