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Supply Management and Procurement by Robert Turner

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Appendix C: List of Formulas

Appendix C

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List of Formulas

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Supply management and procurement professionals are not accountants so they are not required to keep the general ledger or perform other accounting functions. Neither are they practicing mathematicians, cranking out volumes of mathematical information to solve an abundance of problems. They are, however, managers, caretakers, and users of large amounts of data, much of which is numerical and financial in nature. When practicing strategic supply management and procurement, it sometimes ...

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