A practice in the logistics of unloading materials from an incoming semi-trailer truck or railroad car and loading these materials directly into outbound trucks, trailers, or rail cars, with...
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A cross functional team is made up of individuals that come from different departments or functions within an organization. When managed properly, the cross-functional sourcing team approach can...
According to Jeff Howe, "Wired" journalist and author of "Crowdsourcing", crowdsourcing is the act of taking a job or service traditionally performed by a designated person or...
These analytics can look at the data about an enterprise's customers and present it so that better and quicker business decisions can be made. For example, customer relationship analytics...
An organization that suppliers are willing to prioritize over other organizations. Typical suppliers will make investments and provide better quality, service or overall value for their best...
The principles, practices, and guidelines that an organization follows when interacting with its customers. From the organization's point of view, this entire relationship not only...
The counting of a certain number of items every workday with each item counted at a prescribed frequency.
The active portion of an inventory – i.e., that part of inventory, which is depleted through regular withdrawals or use, and is replenished through repetitive orders.
In a purchasing context, the replenishment cycle represents the period of time required to order and make available for required stock (e.g., the time between receipt of the requisition and...
A decision support tool that uses a tree-like graph or model of decisions and their possible consequences.