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1. What are the seven steps of a typical strategic procurement process? 2. Explain how a differentiation competitive strategy approach to procurement will differ from

1. What are the seven steps of a typical strategic procurement process?

2. Explain how a differentiation competitive strategy approach to procurement will differ from a low-cost leadership competitive strategy approach to procurement. Provide at least three differences.

3. For a large big box retailer, such as Home Depot or Walmart, describe three selection criteria that the buyer will use to assess potential suppliers.

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