A management function that includes establishing specifications that can be met by suppliers; utilizing suppliers that have the capability to provide adequate quality within those specifications; utilizing control processes that assure high-quality products and services; and developing the means for measuring the products, service and cost performance of suppliers and comparing it with requirements.
The segment of the quality assurance activity that measures quality performance and compares it with specification requirements, as a basis for https://installmentloansindiana.com/cities/merrillville/ controlling output quality levels.
RACI is a good tool to use to assign roles to members for tasks and are identified as: Responsible, Accountable, Consulted or Informed.
A document containing negotiated prices for goods and services. For example, a buyer may negotiate a rate card that has hourly rates for software developers and/or project managers.
The situation when a supplier reduces their price in exchange for directing more work to the supplier. Prices remain constant within a pre-specified band of volume. If volumes increase, so can the discount. If volumes decrease, the supplier agrees to pay a higher price for each unit.
It is the process of ensuring that you are in compliance with financial reporting regulations, product restrictions, trade requirements and environmental compliance. Examples of regulatory compliance laws and regulations include the Dodd-Frank Act, Payment Card Industry Data Security Standard (PCI DSS) , Health Insurance Portability and Accountability Act (HIPAA), the Federal Information Security Management Act (FISMA) and the Sarbanes-Oxley Act (SOX).
The relief (as damages, restitution, specific performance or an injunction) that may be given or ordered by a court or other tribunal for a wrong
The practice of establishing joint policies and processes that emphasize the importance of building collaborative working relationships, attitudes and behaviors. The structure, by necessity, is flexible and provides top-to-bottom insights about what is happening with the Desired Outcomes and, just as important, the relationship between the parties. Relationship management is a comprehensive approach to managing an enterprise’s interactions with the organizations that supply the goods and services it uses. The goal of relationship management is to streamline and make more effective the processes between an enterprise and its suppliers. This is most definitely not a whose-throat-to-choke exercise; rather, it is the establishment of processes for communication, reporting, and improvement.
Oliver Williamson’s pioneering work that classifies an organization’s sourcing needs into three categories: “Market” (transactional Sourcing Business Models), “Hybrid” (relational/hybrid Sourcing Business Models) and “Hierarchical” (investment based Sourcing Business Models).
The ability of a system to perform as designated in an operational environment over time without failures. A common performance metric for reliability is Mean Time Between Failures. A carrier selection criterion that considers the variation in carrier transit time; the consistency of the transit time provided.
Any product diverted from the supply of discarded materials by refurbishing and marketing said product without substantial change to its original form.
The concept of relationship models stems from Dr
Used to obtain general information about products, services or suppliers. An RFI is sometimes used to gather benchmark information and general market data from the marketplace. Buyers rarely if ever select a supplier based on RFI information, but rather use the information to help them further refine the RFx approach. As such, a RFI typically precedes other RFx processes found below and often used to help a buyer to down-select the number of potential suppliers they will evaluate. An RFI can be used with any of the RFx processes.
A highly collaborative process used when a buyer is actively seeking not just a solution from a supplier, but also a partner.
