Identify the missing word in the following sentence.
The purpose of the supplier management practice is to ensure that the organization's suppliers and their [?]
are managed appropriately to support the seamless provision of quality products and services.

What describes how components and activities work together to facilitate value creation?

Which is a way of applying the guiding principle 'focus on value'?

Identify the missing word in the following sentence.
The purpose of the 'supplier management' practice is to ensure that the organization's suppliers and their performances are [?] appropriately to support the seamless provision of quality products and services.

Which guiding principle recommends standardizing and streamlining manual tasks?