Category Strategy
Develop a strategy aligning supply capabilities and demand requirements.
What is a Category Strategy
The most important processes that organizations perform
What is The Evaluation?
The ability to meet or exceed current and future customer expectations or requirements.
Where the base value of 1.0 represents satisfactory performance.
What is Supplier Performance Index?
The sum of the understandings that govern human interaction in a society.
What is Culture?
Engage internal stakeholders and fully understand their requirements for products and services
What is the Job of a Category Manager?
Suppliers who no longer meet the buying organization's standards.
What is Disqualified Suppliers?
Considered to be the father of the modern quality movement.
What is Dr W. Edwards Deming?
The systematic evaluation of the performance of individual suppliers and ultimate placement into one of three categories.
What is Triage Approach?
The oldest and most basic form of trading.
What is Barter?
Complex projects, significant speed, and high-risk categories that could impact operations or customers
What are categories requiring a strategy?
The process of identifying potential negative events.
What is Risk Management?
The avoidance of nonconformance in products and services by not allowing errors or defects to occur in the first place.
What is Prevention?
Allows a buying organization to react more quickly when supply chain risk events occur.
What is Scenario Analysis?
Requires a selling firm to purchase a specified amount of goods from the country that purchased its products.
What is Counterpurchase?
What businesses spent their money on over the past year
What is conducting a Spend Analysis?
Basic components that suppliers must possess before proceeding tot he next phase of the evaluation and selection process.
What is Entry Qualifiers?
The only true performance standard that defines total quality.
What is Zero Defects
Sellers may request this for a first-time purchase.
What is a Letter of Credit?
What is Supplier Bargaining Power?
Philosophy of people, planet, and profit.
What is the Triple Bottom Line - 3BL?
The number of wastes in Honda's BP process.
What is Seven?
How supply chain members communicate and collaborate regarding sources of risk.
What is Supply Chain Risk Management?