ADM 3302 Chapter Notes - Chapter 4: Vendor-Managed Inventory, Strategic Alliance, Supply Chain
8 Apr 2020
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Document Summary
As never before, purchasing personnel are in a position to have a tremendous impact on their companies" and their supply chain costs and reputations through use of ethical and sustainable sourcing practices. Strategic sourcing: managing the firm"s external resources in ways that support the long-term goals of the firm. This includes the development of ethical and sustainable sourcing initiatives (which are also tied to the make-or-buy decision), Benchmarking successful sourcing practices: copying what other business do best. Managing and improving supplier relationships and capabilities, identification and selection of enviro friendly and socially conscious suppliers, and. A highly effective supply chain initiatives where key suppliers become more involved in the internal operations of their customer, specially the decision making process: Participating in their customers" new product & process design processes. Vendor managed inventory (vmi): services for key customers. Managing inventories at their customers" points of use (vendor managed.
