Term
|
Definition
| An objective rating system used by buyers to compare potential suppliers on important purchasing criteria. |
|
|
Term
|
Definition
| The bill for the merchandise that lists all of the items purchased that are included in the order. |
|
|
Term
|
Definition
| The level of inventory needed to meet the usage needs of the business until the product can be resupplied. |
|
|
Term
|
Definition
| Determines the amount of product on hnd by visually inspecting and counting items. |
|
|
Term
|
Definition
| Contains a general description of the type of product or service needed and the criteria that are important to the buyer. |
|
|
Term
|
Definition
| Detailed requirements for the construction or performance of a product. |
|
|
Term
|
Definition
| A listing all of the merchandise in a shipment, recorded byt the purchasing company when it is inspected and unpacked. |
|
|
Term
|
Definition
| A form of bartering in which products or services of one company are used as payment for the products of another company. |
|
|
Term
|
Definition
| The assortment of products maintained by a business. |
|
|
Term
|
Definition
| The development of a relationship with suppliers to keep inventory levels low and to resupply inventory just as it is needed. |
|
|
