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Definition
| closely followed indicators of economic activity |
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Term
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Definition
| strategic approach to planning for and acquiring the organizations current and fututre neeeds through effectively managing the supply base, utilizing a process orientation in conjuction with corss-functional teams to achieve the organizational mission |
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Term
| Strategic Responsibilites |
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Definition
| activites that have a major impact on longer-term performance of the organization |
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Term
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Definition
| requires purchasing professionals to work directly with those suppliers that are capable of providing world-class performance and advantages to the buyer |
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Definition
| obtaining required goods and services |
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Term
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Definition
| involves purchasing, engineering, supplier quality assurance, the supplier, and other related functions working togethr as one team, early on, to further mutual goals |
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Term
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Definition
| a higher-level recognition of the strategic value of managing operational activites and flows within and across a supply chain |
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Term
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Definition
| a set of three or more organizations linked directly by one of th eupstreak or downstream flows of products, services, finances, and information from a source customer |
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Term
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Definition
| endorses a supply chain orientation and involves proactively manging the two-way movement and coordination of goods, services, information and funds from raw material through the end user |
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Term
| Extended Value Chain or Extended Enterprise |
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Definition
| concept which states that success is a function of effectively managing a linked group of firms past first level suppliers or customers |
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Term
| Third Party Logistics Providers |
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Definition
| are designing and managing entire distribution networks for their clients (UPS) |
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Term
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Definition
| refers to the process of assessing and selecting the structure and formal system of communication, division of labor, coordination, control, authority, and responsibility required to achieve organizational goals and objectives, including supply chain objectives. |
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Term
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Definition
| is a functional group as well as a functional activity |
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