Flashcards
Chapt. 16: Global Sourcing and Procurement
Cards in this deck (5)
- 1Strategic SourcingThe dev't and mgmt of supplier relationships to acquire goods and services in a way that aids in achieving the needs of a business.
- 2Vendor Managed InventoryWhen a customer allows the supplier to manage the inventory policy of an item or group of items.
- 3Bullwhip EffectThe variability in demand is magnified as we move from customer to producer in the supply chain.
- 4Functional ProductsStaples that people buy in a wide range of retail outlets, such as grocery stores and gas stations.
- 5Innovative ProductsProducts such as fashionable clothes and personal computers that typically have a life cycle of just a few months.
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- Description
- Explain what Strategic Sourcing is. Explain why companies outsource processes. Analyze the total cost of ownership. Evaluate sourcing performance.
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- akuma33
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