___________ refers to the raw materials,component parts,and supplies bought from outside organizations to support a company's operations.
A)Inbound logistics
B)Procurement
C)Materials management
D)Supply management

Question

Quizplus · Accepted Answer

Procurement is the process of finding, agreeing to terms, and acquiring goods, services, or works from an external source, often via a tendering or competitive bidding process. It specifically refers to the process of obtaining the raw materials, component parts, and supplies needed from outside organizations to support a company's operations.

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