Which of the following identifies the process of determining which outside firm will provide service and materials for the production process?
A) Materials management
B) Purchasing
C) Inventory control
D) Inventories of information
E) Supplier selection
Answer: E
Explanation: E) Supplier selection is the process of finding and choosing suppliers of services and materials. This step includes evaluating potential suppliers, negotiating terms of service, and maintaining positive buyer-seller relationships.
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