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21 Cards in this Set
- Front
- Back
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Inbound logistics
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deals with procurement or purchasing and related materials-management
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inbound materials management is commonly referred to as Materials Management. what is another name for this?
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Physical distribution
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The procurement process deals with.
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linking members of the supply chain and the quality of the suppliers
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procurement is defined as?
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buying or obtaining goods and services from a firm
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T of F; receiving a delivery is part of the procurement process
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T
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Generics, commodities, distinctivies, criticals
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low risk-low value, low value-high risk, low value-high risk, and high risk-high value....in respective order
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generics
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office supplies
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commodities
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nuts and bolts, packaging
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distinctives
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engineered items, an old car part no longer manufactured, stocked out items
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criticals
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a unique computer chip. a prototype.
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the procurement process is complex but can be managed effectively as long as the manager develops what?
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a systematic approach
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reducing total number of suppliers is common with what kind of inventory system approach
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JIT and TQM
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reduction of the total number of suppliers leads to closer
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alliances or partnerships
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customer satisfaction begins with?
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Procurement; leading to quality management and final value
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procurement can give a distinctive advantage to a company name some.
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Lower cost, Niche orientation (fastest car), fastest delivery, safest delivery, ect.
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some vendor selection criteria
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Quality: product life, ease of repair.... Reliabiilty: ontime delivery, warrenty,... Capability: ops controls, labor relations, production,... Financial: price, financial stability,... Desirables: vendo attitude, training aids, packaging
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RFQ, are important b/c
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it contains all the info for negotiation
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purchasing tactically, operational wise, or strategic
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lowest base price, lowers total cost to the firm, or highest value....in respective order
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when there is a note on the bill of lading for damage who is responcible
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the carrier
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salvage and scrap disposal is part of the procurement process. T or F?
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True; however focus on reverse logistics and closed loop logistics is a much better value creating process. unless you are dealing with hazardous waste.
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types of e-commerce
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B2B service electronic marketplace, buy-side system, online trading community
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