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7 Cards in this Set
- Front
- Back
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Procurement |
The processes in which materials / services are obtained to meet the supply demand of buyers and how these resources enter the supply system. |
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Requirements determination |
Understanding what supply/materials are required and strategically placing them to meet deployment objectives. |
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Inventory Management |
Using a number of processes such as catagorisation and segmentation, cataloguing, accounting and information management to ensure the ideal amount of each inventory item is maintained. |
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Contracting |
The mutual agreement between two parties in which they understand the terms and conditions they are legally bound to by that contract |
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Warehousing / Storage |
Physically holding a material in a particular facility while awaiting distribution to other sources |
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Issuing, Receipting, and Disposal |
The tracking process of inventory items as they enter / leave a ship or NSD |
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Provisioning |
Monitoring the stockholding of supply items and calculating the quantities required for future use |
