The manufacturer and supplier participate in the

A) procurement cycle.
B) replenishment cycle.
C) manufacturing cycle.
D) life cycle.

The procurement cycle refers to the process of obtaining goods or services from a supplier, which involves activities such as identifying needs, selecting vendors, negotiating contracts, and placing orders. Both the manufacturer and supplier are involved in this cycle as the manufacturer needs to procure raw materials and other supplies from suppliers to produce finished goods, while the supplier needs to procure resources and materials to meet the manufacturer's demand.