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Supply Management Handbook

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From benchmarking data to practical tools to study materials, find the information you need right here.

Glossary of Key Supply Management Terms TERM OF THE DAY:

ARBITRATION

Private means of settling disputes between parties in which an objective outside party acts as a fact finder and a primary decisionmaker. By prior agreement between the parties, the rulings of an arbitrator or arbitration panel may be binding and may not be subject to appeal.