(Answered) Textbook - purchasing amp supply chain management 5echapter

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TEXTBOOK - PURCHASING & SUPPLY CHAIN MANAGEMENT, 5E

Chapter 8- Supplier Quality Management

Chapter 9- Supplier Management and Development

Chapter 10- Worldwide sourcing

Questions-

1. What is difference between Six Sigma quality and TQM approaches?

2. Why is it critical to have a smaller supply base before committing to a supplier management and development programs?

3. What is Letter of Credit? What are its uses and advantages?

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