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Concept Map Unit 3

Technological tools for sourcing

Virtual business network

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What does e-Procurement mean?

E-Procurement refers to electronic contracting and the automation of processes that involve the purchase of products or services between the client and the supplier (order, receipt,supply, billing, etc.)

Fuction

It covers the evaluation, selection,

and creation of formal contracts

agreements, as well as the management of

permanent supplier of the company.

What is SRM?

Supplier relationship management is a systematic approach to assessing suppliers' contributions to your company. It helps you determine which ones have the best influence and ensures that you perform well.

Dynamic inventory and investment optimizer

An inventory and sales optimizer program has to fulfill not only the basic functions. It can also help in tracking orders, sales, and deliveries.

Objetive

inventory optimization aims to achieve the most appropriate product mix in the warehouse in

accordance with the stock-service strategy selected by the company.

Inventory optimization and efficient logistics system

Responsible for taking control of the supply chain such as managing the quantity and availability of merchandise, information on vendors, customers, suppliers and resources within a company to obtain absolute control over all data and processes.

VPN Virtual Prívate Network

A VPN is a top-of-the-line cybersecurity solution that serves to protect users when they browse the Internet. VPNs are suitable for any person or any company, and can be used on all types of devices, including computers, cell phones or tablets.

Advantage

1. Secure public Wi-Fi networks.

2. Avoid censorship.

3. Avoid price discrimination.

4. Secure online banking.

What is the Internet?

It is known as the internal corporate network of a given company, so that it can only be accessed by employees.

It is generally used to facilitate the exchange of information between different departments. It provides employees with the resources they need to perform their professional tasks.