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Q: When a company acquires a supplier through an acquisition strategy this is referred to as?
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Is a supplier of goods and services a customer?

A supplier of goods and services is commonly referred to as a vendor. Unless they are buying your goods or services they are not a customer.


Is Symantec a leading supplier of construction management software?

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Vertical - Expansion of a business by buying out suppliers of commodities (required to create your product)Horizontal - Expansion of a business by buying out competition (who create a similar product)


What are the steps in the strategic sourcing process?

"Strategic Sourcing is a process that is important to any company. There are seven steps to this process, and the steps are as following: qualifying sourcing groups, selecting strategy and tactics, scanning and selecting suppliers, defining and planning techniques, tendering and negotiating, switching to a new supplier, and finally monitoring supplier performance."


Difference between sole supplier and single source supplier?

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