<span>Five activities for which a purchasing department normally has responsibility include: issuing their own purchase orders, meeting with different sales representatives, maintaining their own purchase records in accordance with state and federal law, administering contracts with sellers, and coming to a resolution regarding any purchasing problems that might arise.</span>
The Name Manager<span> dialog box is found, on the </span>Formulas<span> tab, in the </span>Defined Names<span> group, click </span>Name Manager<span>.</span>
I believe it is linked. linked data can become a part of the destination file but it alsoremains connected to the source file.
https://officepowerusers.weebly.com/linking-and-embedded-between-excel-and-other-programs.html
check this out to see what you get out of it.