SCM_FINAL EXAM_PART 1

is the act of obtaining or purchasing goods or services, typically for business purposes. Procurement is most commonly associated with businesses because companies need to solicit services or purchase goods, usually on a relatively large scale.

• Procurement

• Purchasing

• Supply

• Demand

is the process a business or organization uses to acquire goods or services to accomplish its goals.

• Procurement

• Purchasing

• Logistics

• Warehouse

is the tried and true practice of comprehensively managing all supplier relationships and company purchasing to identify every dollar spent and get the most out of it.

• e-Procurement

• Spend Analysis

• Spend Management

• Supply

is the process of collecting, cleansing, classifying and analyzing expenditure data with the purpose of decreasing procurement costs, improving efficiency, and monitoring controls and compliance.

• Supply Positioning Model

• e-Procurement

• Spend Management

• Spend Analysis

is a way to classify a spend portfolio based on risk and opportunity. The supply positioning model enables an organization to segment its supplies as per the pricing and vulnerability associated with the business - in an eventuality of supplier failure.

• e-Procurement

• Spend Analysis

• Spend Management

• Supply Positioning Model

is the business-to-business or business-to-consumer or business-to-government purchase and sale of supplies, work, and services through the Internet as well as other information and networking systems, such as electronic data interchange and enterprise resource planning.

• Supply Positioning Model

• e-Procurement

• Spend Management

• Spend Analysis

is the purchasing of goods and services that cause less harm to humans and the environment than competing goods and services that serve the same purpose.

• Environmentally Preferable Purchasing (EFP)

• Environmental Management System (EMS)

• Emission Management System (EMS)

• Environmentally Procurement Purchasing (EFP)

is "a system and database which integrates procedures and processes for training of personnel, monitoring, summarizing, and reporting of specialized environmental performance information to internal and external stakeholders of a firm".

• Environmental Macro System (EMS)

• Environmentally Preferable Purchasing (EFP)

• Environmental Management System (EMS)

• Emission Management System (EMS)

is the way materials and other goods are brought into a company. This process includes the steps to order, receive, store, transport and manage incoming supplies. Inbound logistics focuses on the supply part of the supply-demand equation.

• Outbound Logistics

• Inbound Logistics

• Supply Chain

• INCOTERMS

is an aspect of international trade. It is the process of allowing firms, buyers to obtain goods and services from another country for the running and maintaining their operational activities under the most favourable conditions.

• e-Procurement

• INCOTERMS

• Global Outsourcing

• International Purchasing