Supplier Management Terms Defined

Supplier Management Terms Defined

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Resource Origin: Sourcing Plus

Different authors apply different meaning to the terms Purchasing, Procurement, Sourcing. To avoid potential misunderstanding here are the definitions used by Professor Philippart. Those definitions do not have the ambition to become industry references but merely to clarify our discussion. By extension, the names sometimes also define the organizations that perform the processes.

http://www.sourcing-plus.com/definitions.php

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