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About L4M4-CIPS Summary
This document summarizes key concepts around sourcing, procurement strategies, and international sourcing. The summary discusses sourcing as either tactical or strategic based on risk and importance. Outsourcing is described as contracting external suppliers to perform functions previously done internally to reduce costs and focus on core activities. International sourcing brings both benefits like reduced costs but also risks like quality issues and cultural differences. Key factors in sourcing decisions include single vs multiple suppliers, tendering processes, and selection criteria to evaluate suppliers.
Detailed Information
| Author: | ['ibraokello'] |
|---|---|
| Publication Year: | 2024 |
| Pages: | 16 |
| Language: | English |
| Format: | |
| Price: | FREE |
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