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Supply Chain Glossary - C

Supply Chain Glossary - C

continuous process also continuous production

Syn: continuous production.

An agreement between two or more competent persons or companies to perform or not to perform specific acts or services or to deliver merchandise. A contract may be oral or written. A purchase order, when accepted by a supplier, becomes a contract. Acceptance may be in writing or by performance, unless the purchase order requires acceptance in writing.


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