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external sourcing

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A decision to buy goods from third party organizations when it is the best possible option and the lowest cost for securing items necessary for operations. Some of the factors influencing the decision to look outside the organization include capability of the company, the necessary skills, scheduling, and financing requirements.
  • ex works

  • procurement

  • letter of credi...

  • scope of work

  • receiving

  • delivery note

  • customer

  • price

  • cost and freigh...

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