What are the key steps or processes involved in direct procurement within the pharmaceutical industry, and how do these steps contribute to successfully acquiring pharmaceutical products and raw materials?
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In the direct procurement of pharmaceutical raw materials, what term describes reducing the risk associated with a single-source supplier by developing and maintaining relationships with multiple suppliers of a critical component?
a) Single Sourcing
b) Dual Sourcing
c) Multi-Sourcing
d) Strategic Sourcing
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