Centralized
One location/decider
Decentralized
Multipl locations/deciders
Corporate steering committes
Main stakeholders that decide on organization order of business. Strategic guidance
Supply base optimization
Reduce number of suppliers the organization works with
Relationship management
Evaluating and systematic approach to evaluat relationship supplier/purchaser
Gray box design
suppliers working alongside customers , engineering for producst development
Black box design
supplier carryout development of components for customersS
SOW
Statement of work
Suppler managed inventory
SMI
Vender managemtn inventory
VMI
Sustainable supply market
Meeting supply needs w/o compromising avility of guture generation to meet their own needs
Risk management
Identify , evaluation and prioritize risks
Operations risk management
ORM:
Risk management
Decision making
implementation of risk control
reduce threats to acceptable levels
KPI
key performance indicators
Supplier performance indecx
Metrics to measure supplier
currency hedging
attempt to reduce effects of currency fluctuation on investment performance
MRP
material requirements planning - planning system inventory requirements while balancing supply and demand
Kaizen
continous improvement from everyone in organization which = increased quality and change
Cost Base system
categorical system
purchasing goods/services by groupoing into categories
CISG
Contract for international sale of goods
Global sourcing
develop product in Europe/US, manufacture in Asia/latin America and sell globally
vendor supplied material
VSM - similar to VMI
Supply chain management
management of flow of data, goods and finances related to product or service from raw good to final destination
