Chapt. 16: Global Sourcing and Procurement

Beschreibung

Explain what Strategic Sourcing is. Explain why companies outsource processes. Analyze the total cost of ownership. Evaluate sourcing performance.
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Zusammenfassung der Ressource

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Strategic Sourcing The dev't and mgmt of supplier relationships to acquire goods and services in a way that aids in achieving the needs of a business.
Vendor Managed Inventory When a customer allows the supplier to manage the inventory policy of an item or group of items.
Bullwhip Effect The variability in demand is magnified as we move from customer to producer in the supply chain.
Functional Products Staples that people buy in a wide range of retail outlets, such as grocery stores and gas stations.
Innovative Products Products such as fashionable clothes and personal computers that typically have a life cycle of just a few months.
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