Global Sourcing & Procurement Quiz

A supply chain that must deal with high levels of both supply and demand uncertainty.

Working with suppliers to find opportunities to save money and benefit the environment.

Cost of an item, including all costs related to procurement, use and disposal.

Refers to how common an item is or how many substitutes might be available.

Products with short life cycles and typically high profit margins

Allowing a supplier to manage inventory policy for an item or group of items.

Increased order variation as we move from customer to the manufacturer in the supply chain

Strategy used to cope with high levels of supply uncertainty

Term used to describe functions related to the flow of material in a supply chain.

Products that satisfy basic needs & don't change much over time.