Institute for Supply Management
Advancing the purchasing and supply management profession through education and development.
December 21, 2005
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Glossary of Key Purchasing and Supply Terms Term of the Day:

BUYING TEAM
The practice of utilizing teams for strategic sourcing is a method in which individuals from several departments (such as purchasing, operations, engineering, and finance) pool their expertise to make sourcing analyses and decisions jointly.


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The National Association of Purchasing Management has become the Institute for Supply Management™. Please be aware that NAPM.org is now ISM.ws.

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