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12 Cards in this Set
- Front
- Back
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supply management |
identification, acquisition & management of inputs & supplier relationships |
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effective supply chain management ensures.... |
-timely availability of resources - reduces total costs - enhances quality - gets you access to tech - fosters sustainability |
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supply risk + examples
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probability that unplanned event will affect firm's ability to serve its customers -delays/disruptions -theft of intellectual property -price hike (common w/ commodities) -product safety |
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spend analysis |
process that identifies what purchases are being made (i.e. do you need 300 different types of glass?) |
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sourcing strategies |
leverage strategic noncritical bottleneck |
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leverage strategy |
standardize your purchases, use competition to select suppliers consolidate purchases |
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strategic strategy |
collabortive partnership single or dual source executives in both parties |
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noncritical party |
increase efficiencies electronic catalogues purchasing cards vendor managed inventory |
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bottleneck strategy |
use multiple sources find substitute materials develop new suppliers |
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supply base optimization |
determining the # of suppliers to use (single sourcing, multiple sourcing) |
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supplier certification |
assessment that verfies effective procedures related to buyer requirements |
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total cost of ownership includes what 3 costs? |
the purchase cost the maintenence cost the acquisition cost |
