RMG 434 Lecture Notes - Lecture 7: Standard Deviation, Lead Time, European Cooperation In Science And Technology
12 Dec 2015
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Chapter 11 global supply chain procurement and distribution. Procurement: the purchase of goods and services from suppliers. Cross enterprise teams: coordinate processes between a company and its supplier. On-demand (direct-response) delivery: requires the supplier to delivery goods when demanded by the customer. Continuous replenishment: supplying orders in a short period of time according to a predetermined schedule. Outsourcing: purchase of goods and services from an outside supplier. Single sourcing: a company purchases goods and services from only a few (or one) suppliers. E-procurement: direct purchase from suppliers over the internet, by using software packages or through e-marketplaces, e-hubs, and trading exchanges can streamline and speed up the purchase order and transaction process. What can companies buy over the internet: manufacturing inputs: the raw materials and components that go directly into the production process of the product, operation inputs: maintenance, repair, and operation goods and services. E-marketplaces (e-hubs): websites where companies and suppliers conduct b2b activities.
