____ refers to the raw materials,component parts,and supplies bought from outside organizations to support a company's operations.

Question

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Procurement refers to the process of acquiring goods, services, and raw materials from outside sources, often through negotiation and purchasing agreements. Inbound logistics refers to the movement of materials into a company's manufacturing or production processes, while materials management and supply management are broader terms that may also encompass production and inventory processes.

____ Refers to the Raw Materials,component Parts,and Supplies Bought from Outside