This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: impact: Leverage Items: e.g. oil gasoline, we need to maximize commercial advantage. Usually in this items have a lot of competition since the supply risk is low. Bottleneck Items: high supply risk(hard to attain), low profit impact. We need to ensure supply and search for alternatives. Critical Items: high supply Risks, high profit impact. RFP: Request for proposal RFQ: Request for Quote/Information MRP: Material Resource Planning PO: Purchasing Order(it's a contract) Sourcing process---4 basic steps: Identify needs, select suppliers, develop supplier, manage supplier...
View Full Document
- Winter '12