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Describe the procurement cycle in details which approaches

a. Give brief answers for the following questions:

What is purchasing?
Define the term 'procurement.'
What is the importance of procurement in a supply chain?
Who are qualified suppliers?
What is e - procurement?
Outline the main aims of procurement.
Outline some common manufacturing strategies.

b. Describe the procurement cycle in details.

c. Which approaches are used to monitor the performance of suppliers?

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