Purchasing of all goods and services that are used to support an organization's infrastructure and back-office activities. Many organizations also include the purchase of capital investments...
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The cost of resources or activities such as operation costs and overhead that cannot be directly traced to a final cost object since no direct or repeatable cause-and-effect relationship exists....
All organizations that provide similar services or products in any location.
Undesirable outcomes of well-intentioned incentives.
Supplier innovation focuses on identifying new and creative ways to drive value with your supply base. Innovation is a consolidation of new ideas that create actions and value outcomes that are:...
Joint management team that governs the process of managing innovation and transformation in the outsourced processes in order to enhance delivered value.
The opposite of outsourcing, that is, a service performed in-house.
A contract between an insurance company and a person or group which provides for a money payment in case of covered loss, accident or death. Certificates of Insurance are typically a necessary...
Intellectual property refers to creations of the mind: inventions, literary and artistic works and symbols, as well as names and images used in commerce. Intellectual property is divided into two...
Costs internal to the organization controllable by internal actions, including in part:
Inventory - Lead times, service level requirements, planning accuracy, location, special storage...