Definitions
Buying goods or services for business use.
Purchasing
Stating delivery deadlines when ordering signs for campus events.
Terms & Conditions
Tax on imports to protect local businesses
Tariff
Moving goods from manufacturer to customer.
Distribution
Finding suppliers who sell goods.
Sourcing
Managing partnerships with vendors.
Supplier Relationship Management (SRM)
Choosing to only buy materials from vendors who deliver under 24 hours.
Sourcing Strategy
Bringing goods in or selling goods out.
Import/Export
Final step of getting product to the customer.
Last Mile Delivery
Making sure paper supplier agreed to 3-day delivery window.
Contract Management
Sending goods out to customers.
Outbound Logistics
Rating suppliers on delivery, quality, and price.
Supplier Scorecard
Meeting needs without hurting the environment.
Sustainability
Flyers stacked in a back room before event launch.
Warehouse
Contracting another firm to make our campus t-shirts.
Outsourcing
Finding the best suppliers for long-term benefits.
Strategic Sourcing
Buying from international suppliers.
Global Sourcing
Total greenhouse gases from operations.
Carbon Footprint
Moving goods inside warehouses.
Material Handling
Making more with less waste.
Lean Production
Deciding the best route to move finished planes to the customer.
Logistics
Metrics to track supplier performance.
Key Performance Indicators
Chips that track products automatically.
RFID
Buying lemonade cups, signs, and flyers for event startup.
Procurement
Producing based on forecast, not actual demand.
Push System