what is the difference between direct and indirect sourcing?
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Direct procurement involves the purchasing of goods, materials, and services directly associated with the production of goods and services that a company is providing. Whereas, indirect spend refers to expenses incurred for materials, services, and maintenance required to operate the business.
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Great question! And here's the answer... 'Direct measurement' refers to measuring exactly the thing that you're looking to measure, while 'indirect measurement' means that you're measuring something by measuring something else. ... This would be an example where I have to measure something 'indirectly. '
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“Direct communication is when the speaker clearly relays his thoughts and opinion in his verbal message”. While indirect communication is defined as gathering information from more than the words spoken by the communicator.
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Direct competition is any company that offers the same thing as you while indirect competition refers to a business whose products or services are different from yours but potentially could satisfy the same need and reach the same goal.
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Direct payment involves media products supported primarily by consumers, who pay directly for a book, CD, movie, or an internet or cable TV service. Indirect payment involves media products supported primarily by advertisers, who pay for the quantity or quality of audience members that a particular medium delivers.
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1. Explain the difference between a direct strategy and an indirect strategy for conveying negative news. -Direct strategy is when you are straight forward with a message while indirect is not so straight forward but still gets the message across.
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Questions 6.1 The primary differences between direct and indirect costs is direct cost is easier to measure as it measures the exclusive costs of one unit of an organization while indirect costs are more difficult as it measures shared resources of the organization as a whole.
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The main difference between direct and indirect hormone action is that the direct hormone action is the action of hormones as a result of their binding to a receptor on the target cell whereas indirect hormone action is the action exerted via stimulating the secretion of another hormone.
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Direct expenses are those that are linked to a specific cost object, while indirect expenses are associated with the entire business and not specific cost objects. Indirect and direct expenses can be either fixed or variable. Most of a company's expenses are indirect.
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With an indirect loan, the lender does not have a direct relationship with the borrower, who has borrowed from a third party, arranged by an intermediary. ... Indirect loans are typically more expensive than direct loans, as they are often used by borrowers who might not otherwise qualify for a loan.
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Direct distribution involves only the producer selling to directly to the consumer, while indirect distribution involves one or more intermediaries before it reaches the consumers' hands.
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On the other hand, sourcing is the process of finding a “source” to procure goods and services. Like purchasing, sourcing is a subset of procurement. Specifically, sourcing finds the most cost-effective supplier for those goods, while purchasing manages the transaction process of acquiring the goods and services.
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In a direct delivery, the final destination of the packet is a host connected to the same physical network as the deliverer. In an indirect delivery the packet goes from router to router until it reaches the one connected to the same physical network as its final destination."
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Direct vs Indirect Marketing. ... Direct marketing involves engaging with leads or customers directly. For example, sending a customer an email that contains a promotional offer. Indirect marketing is a strategy in which you put yourself in a position to be found by leads.
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Direct exporting refers to the sale in the foreign market by the manufacturer himself. ... Indirect exporting refers to the transfer of the selling responsibility to other organization by the manufacturer. In indirect exporting, the manufacturer utilizes the services of various types of independent marketing middlemen.
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A direct quote (or direct quotation) is the exact words taken from an original source and used in a second piece of writing. An indirect quote (or indirect quotation) is the idea or fact taken from an outside source and used in a second piece of writing.
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Terms in this set (11) What are the differences between direct and indirect cost? Direct costs - tie directly to a sub-unit in the business. Indirect costs - are shared resources by the entire organization such as overhead.