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15 Cards in this Set
- Front
- Back
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Is procurement about the down-or upstream part of supply chains?
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Upstream
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What is sourcing?
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It is whether to obtain parts or services internationally or externally
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Explain operational focus.
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It is about ensuring that the supply of goods and services is in place so that the end product can be shipped to the customer
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Explain tactical focus.
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It is about the basic value drivers
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Explain strategic focus.
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Accelerating innovations
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What are the four operating principles when it comes to procurement and the supply chain?
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1. Business alignment
2. Developing strategies for procurement categories 3. Total cost of ownership 4. Supplier relationship management |
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Explain the first principle.
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Business alignment is about aligning within the company before talking to customers. It is achieved at a number of levels such as annual BP, ordering policies etc.
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Explain the second principle.
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Involving procurement across the product lifecycle. Developing sourcing strategies, category strategy.
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Explain the third principle.
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The cost for the focal firm over the product lifecycle. Including pre-purchased and after-purchased costs. The goal is to get below the price of purchase.
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Define TOE.
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Total operating economy: Deliver a complex set of product and services while communicating partnership with customer and society.
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Explain the fourth principle.
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Supplier relationship management is about reduce and segment the supply base etc.
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How can you segment the supply base?
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Through the purchase portfolio matrix:
- Strategic - Bottleneck - Leverage - Non-critical |
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Sustainable supply chain management.
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SSCM. The strategic, transparent integration and achievement of an organizations environmental, social and economic goals.
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What is TBL?
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Triple bottom line
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What is vendor rating?
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Measurement effort focused on supplier performance
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