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What is the strategy of the Company (or Division/Supply Chain): Operational Excellence, Product Leadership or Customer Intimacy? This can be anything from picking and packing in the warehouse, demand planning and the S&OP process, to production planning and shop floor scheduling. We always put the customer first and foremost.
As a part of the supply chain, procurement entails discovery, supplier selection, contract negotiation, and purchasing. Key Steps in Procurement Since the procurement lifecycle or buying cycle isn't a one-step action, it is a continuous process — steps differ from organization to organization. Issue Purchase Orders.
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