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Supply Chain Management (SCM) involves the coordination and management of all activities required to source, produce, and deliver goods or services to the end customer efficiently and effectively. At the core of SCM are various interconnected activities and processes that ensure a smooth flow of materials, information, and finances from suppliers to customers. One of the primary activities in SCM is procurement or sourcing, which includes identifying suppliers, evaluating their capabilities, negotiating contracts, and ensuring timely acquisition of raw materials or ______ __________ _______ _____ ____ ___ _______ ______ _____ _________ _____ ________.
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