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Question		Answer
stock kept to ensure continuity of processes start learning		buffer stock
is when we take goods services or works from an external source start learning		procurement
is the latency between the initiation and execution of a process start learning		lead time
is an institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company start learning		strategic sourcing
module or functionality of MRP II and ERP responsible for capacity planning start learning		what is CRP

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