Remove Business procurement Remove Product development Remove Sourcing Remove Vendor management
article thumbnail

The New Look on Industrial Buying

The Good Spending

Straight Rebuy The buyer routinely reorders a product with no modifications. We assume these are commoditized products or services with high competition and low urgency, as a supplier(s) already exist. So, there's no limitation to the competitive sourcing process. Examples: framework agreements, Vendor-Managed Inventories.

article thumbnail

The Importance of Supply Chain Collaboration

The Good Spending

Some proven models of supply chain collaboration are Service Parts Logistics Vendor-Managed Inventory (VMI) Consignment Quick Response (Q.R.) Design for Excellence (DfX) in Supply Chain DfX or early product design affects the cost, quality, and product development cycle.