Jan 19, 2011
The act of deciding whether to produce an item internally or buy it from an outside supplier. Factors to consider in the decision include costs, capacity availability, proprietary and/or specialized…
A supply partnership between a buyer and supplier is based on mutual interdependency and respect and calls for information sharing between the involved parties. By sharing its demand forecast with…
The grouping of management functions supporting the complete cycle of material flow, from the purchase and internal control of production materials to the planning and control of work in process…
Data Resource Management is the development and execution of architectures, policies, practices and procedures that properly manage the information needs of an enterprise. Companies often keep raw information in online…
Supplier integration into new product/process/service development suggests that suppliers are providing information and directly participating in decision making for purchases used in the new product/process/service. This integration can occur during…
A long-term relationship between a buyer and a supplier characterized by teamwork and mutual confidence. The supplier is considered an extension of the buyer’s organization. The partnership is based on…
A supply chain that is dedicated to the reverse flow of products and materials for returns, repair, remanufacture, and/or recycling. Source: http://www.apics.org/ (10th ed.)
Jan 13, 2011
Business being conducted over the Internet between businesses. The implication is that this connectivity will cause businesses to transform themselves via supply chain management to become virtual organizations, reducing costs,…
Jan 7, 2011
On Day 2 of the SCRC meeting, Tom Holmes and Rob Ciamarra from BiogenIdec provided great insights into the effort, challenges and success factors associated with building a spend management…
Dec 2, 2010
Presentations by industry speakers and student teams at this year’s SCRC meeting on December 2 were once again outstanding. The topic this year, supply chain analytics, provided a wealth of…