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2. Procurement outsourcing - Wikipedia

   en.wikipedia.org/wiki/Procurement_outsourcing

   Procurement specialists usually split procurement activities into two parts: Direct procurement. Direct categories are all goods purchased by the company which directly enter into the production process of that company. For the food industry as an example, ingredients and packaging will be the key direct procurement categories. Indirect ...

3. Indirect procurement - Wikipedia

   en.wikipedia.org/wiki/Indirect_procurement

   Indirect procurement is the sourcing of goods and services not related to manufacturing for a business to enable it to maintain and develop its operations. The goods and services classified under the umbrella of indirect procurement are commonly bought for consumption by internal stakeholders (business units or functions) rather than the external customer or client.

4. E-procurement - Wikipedia

   en.wikipedia.org/wiki/E-procurement

   E-procurement (electronic procurement, sometimes also known as supplier exchange) is a collective term used to refer to a range of technologies which can be used to automate the internal and external processes associated with procurement, strategic sourcing and purchasing.

5. Indirect costs - Wikipedia

   en.wikipedia.org/wiki/Indirect_costs

   Some indirect costs may be overhead, but other overhead costs can be directly attributed to a project and are direct costs. There are two types of indirect costs. One are the fixed indirect costs, which are unchanged for a particular project or company, like transportation of labor to the working site, building temporary roads, etc.

6. Economy of China - Wikipedia

   en.wikipedia.org/wiki/Economy_of_China

   The economy of the People's Republic of China is a developing mixed socialist market economy, incorporating industrial policies and strategic five-year plans. [29] China is the world's second largest economy by nominal GDP and since 2017 has been the world's largest economy when measured by purchasing power parity (PPP).

7. Value-added tax - Wikipedia

   en.wikipedia.org/wiki/Value-added_tax

   Another difference is that VAT is collected at the national level, while in countries such as India and the US, sales tax is collected at the point of sale by the local jurisdiction, leading them to prefer the latter method. The main disadvantage of VAT is the extra accounting required by those in the supply chain.