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33 Cards in this Set
- Front
- Back
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identification, acquisition and management of inputs and supplier relationships
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purchasing/ procurement
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amount paid to the supplier
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purchase price
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cost of bringing it to a customers location
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acquisition cost
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costs of warranty, training, downtime, and maintenance
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usage costs
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costs of disposal, clean-up, obsolescence
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End of Life Costs
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Inputs from w/in the firm
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Insourcing
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Inputs from outside the firm
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Outsourcing
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choosing b/t insourcing or outsourcing
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Make or Buy Decision
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act of moving a firms internal activities and decision responsibility to outside providers
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Outsourcing
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number of suppliers to use
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Supply Base Optimization
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identification, acquisition and management of inputs and supplier relationships
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purchasing/ procurement
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amount paid to the supplier
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purchase price
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cost of bringing it to a customers location
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acquisition cost
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costs of warranty, training, downtime, and maintenance
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usage costs
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costs of disposal, clean-up, obsolescence
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End of Life Costs
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structured, secure mode of transmitting data
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EDI
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tracks and reports supplier performance in key areas
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Supplier Scorecard
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Assessment of suppliers ability to meet buyers needs
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Supplier Certification
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Technology enabled data gathering about suppliers to manage strategic relationships
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Supplier Relationship Management (SRM)
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Inputs from w/in the firm
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Insourcing
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Inputs from outside of the firm
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Outsourcing
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choosing b/t insourcing or outsourcing
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make or buy decision
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act of moving a firms internal activities and decision responsibility to outside providers
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Outsourcing
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number of suppliers to use
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Supplier Base Optimization
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Problems w using too few suppliers
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Increases shortage risks
Increases price risks Limited innovation |
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Problems with using too many suppleirs
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Increases complexity
Makes supply management difficult |
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Proximity impacts __________, ____________, and _____________
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Ease of comm
Transportation costs Community perceptions |
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In this form of bidding, price is most important, specs. are clear, high value, and several equally qualified sources
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Competitive bidding
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describes what customer wants; supplier responds with cost and other data for consideration
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Request for Proposal (RFP) or Quote (RFQ)
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establishes performance categories that are weighted by performance
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Weighted Point Model
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In this auction, suppliers bid in real time for buyers business
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Online reverse auction
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Description of Online Reverse Auction
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Suppliers can make multiple bids
Usually price focused |
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bargaining process of planning, reviewing, analyzing and compromising to reach an agreement
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Negotiation
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