Question

_____ is the supply chain function responsible for acquiring raw materials, component parts, tools, services, and other items required from external suppliers.

Answer 1

Procurement is the supply chain function responsible for acquiring raw materials, component parts, tools, services, and other items required from external suppliers.

What is procurement?

Procurement is a branch of supply chain that deals with buying of materials or goods for production purposes.

Procurement give account of all the logistics involved and the materials bought.

Therefore, Procurement is the supply chain function responsible for acquiring raw materials, component parts, tools, services, and other items required from external suppliers.

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