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purchase of products or services at the right place, delivered at the right time, of the 
right quality, in the right quantity, from the right source 
: procurement 
cost reductions increase _ 
: margin 
procurement is a (primary/support) activity 
: support 
lead times _, _ and _ the amount of tim...
Preview 3 out of 21 pages
Add to cartpurchase of products or services at the right place, delivered at the right time, of the 
right quality, in the right quantity, from the right source 
: procurement 
cost reductions increase _ 
: margin 
procurement is a (primary/support) activity 
: support 
lead times _, _ and _ the amount of tim...
what are the 8 key principles of TQM? 
: 1. Define quality in the terms of your customers and their requirement 
2. pursue quality at the source 
3. stress objective rather than subjective analysis 
4. emphasize prevention rather than detection of defects 
5. focus on process rather than output 6. s...
Preview 3 out of 25 pages
Add to cartwhat are the 8 key principles of TQM? 
: 1. Define quality in the terms of your customers and their requirement 
2. pursue quality at the source 
3. stress objective rather than subjective analysis 
4. emphasize prevention rather than detection of defects 
5. focus on process rather than output 6. s...
definition of price analysis 
: Process of comparing supplier prices against external price benchmarks without 
knowledge of supplier costs 
definition of cost analysis 
: Process of analyzing each individual cost element that add up to final price 
What are the four categories and related strategi...
Preview 2 out of 7 pages
Add to cartdefinition of price analysis 
: Process of comparing supplier prices against external price benchmarks without 
knowledge of supplier costs 
definition of cost analysis 
: Process of analyzing each individual cost element that add up to final price 
What are the four categories and related strategi...
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