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Purchasing and New Product Development (NPD) require Early Buyer Involvement (EBI), Early Supplier Involvement (ESI) and...

Purchasing and New Product Development (NPD) require Early Buyer Involvement (EBI), Early Supplier Involvement (ESI) and use of models as enablers for efficiency and effectiveness; (a) Briefly define and explain the Early Buyer Involvement (EBI) and Early Supplier Involvement (ESI) as they pertain to Purchasing [5 Marks] (b) What are the advantages and disadvantages of Early Buyer Involvement (EBI) and Early Supplier Involvement (ESI) as drivers of effectiveness and efficiency in Purchasing? [10 Marks]

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