logistics Management bill of lading

used by transportation carriers to record the quantity of goods delivered to a facility

blanket purchase order

Don't use plagiarized sources. Get Your Custom Essay on
logistics Management bill of lading
Just from $13/Page
Order Essay

for an item or group of items ordered repetitively from a supplier, purchasing may issue one of these. It is an open order, usually effective for one year, covering repeated purchases of an item or family of items

description by brand

used when a product or service is proprietary or when there is a perceived advantage to using a particular supplier’s products or services

description by market grade/industry standard

might be the best choice for standard items where the requirements are well understood and there is common agreement between supply chain partners about what certain terms mean

description by performance characteristic

focuses attention on the outcomes the customer wants, not on the precise configuration of the product or service

description by specification

when an organization needs to provide very detailed descriptions of the characteristics of an item or service. Specifications can be: materials used, manufacturing or service steps required, or physical dimensions

convenience ordering system

a system that allows users to contact suppliers directly

e-auction/reverse auction

electronic competitive bidding tool that works exactly like an auction, but in reverse. The buyer identifies potential qualified suppliers to go online to a website at a certain time and bid to get the business. They have been found to drive costs much lower then there is adequate competition in a market

e-procurement

suite of tools used to achieve efficient purchasing transactions. E-procurment manages the flow of documents by 1) automating the document generation process and 2) electronically transmitting purchase documents to suppliers

electronic funds transfer (EFT)

the automatic transfer of payment from the buyer’s bank account to the supplier’s bank account

electronic acknowledgement and receipt

involves the electronic transfer of purchase documents between the buyer and seller, and can help shorten order cycle time

escape clause

allows the buyer to terminate the contract in the event of persistently poor quality, delivery problems , and so on

Upgrade to remove ads
Only $2.99/month

internal customers

a customer who is directly connected to an organization, and is usually (but not necessarily) internal to the organization. Internal customers are usually stakeholders, employees, or shareholders

legally binding document

A document that two or more people sign and notarize and is one form of agreement that can be upheld in a court of law

material packing slip

provided by the supplier, it details the contents of a shipment

maverick buying

when internal customers try to negotiate contracts themselves

physical on hand (POH)

actual on-hand inventory levels

preferred suppliers

receive the first opportunity for new business. Has demonstrated its performance capabilities through pervious purchase contracts and therefore receives preference during the supplier selection process

purchase agreement/purchase order

takes place after the supplier selection is complete. They often contain a large number of details regarding policies because it is legally binding

purchase requisition

the most common method of informing purchasing of material needs

purchasing process

used to identify user requirements, evaluate the user needs effectively and efficiently, identify suppliers who can meet that need, develop agreements with those suppliers, develop the ordering mechanism, ensure payment occurs promptly, ascertain that the need was effectively met, and drive continuous improvement.

receiving discrepancy report

details any shipping or receiving discrepancies noted by the receiving department

Upgrade to remove ads
Only $2.99/month

record on hand (ROH)

system records of inventory

request for proposal (RFP)

if the purchase contract requires negotiation between the buyer and seller (rather than competitive bidding), purchasing sends an RFP to a supplier. More than just the price is included in the supplier’s response

request for quotation (RFQ)

in competitive bidding, the purchasing manager sends an RFQ form to a supplier. Usually take the lowest bid

span of control

functional groups carry out certain duties on behalf of the organization. The span of control is this responsibility

spot buy

when an internal customer has a need that comes up suddenly that is not planned for and for which there is no preexisting supplier, such needs are handled through a spot buy approach

stakeholders

AKA internal customers. They have a significant stake in the outcome of purchasing’s decisions

statement of work (SOW)

specifies the work that is to be completed, when it is needed, and what type of service provider is required

supplier performance management (SPM)

one of the most important objectives of the purchasing function that includes the selection, development, and maintenance of supplier

tariff

the rate a transportation carrier charged. The US gov’t used to determine this

Chegg Answers
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with CheggAnswers

Quality Essays

At CheggAnswers.com, we boast of our quick turnaround that is facilitated by our experienced team of writers. We can handle both short and long deadlines, as per our clients’ requests. Quality work is the cornerstone of our service.

Top Writers

Our writers are qualified professionals who are well-versed with more than 80 subjects. We have achieved this milestone overtime because of our rigorous hiring process that filters professionals from average writers. We believe that exposing our customers to qualified writers is the starting point of delivering quality work.

Plagiarism-Free Papers

Our writers submit papers that are written from scratch to uphold the much-needed originality when submitting your papers. Our references are mainly sourced from reputable databases such as Emerald Insight, Ebsco, and ProQuest. All papers follow the conventional styles of referencing that include APA, MLA, Chicago, Harvard, and Vancouver.

24/7 Customer Support

The customer is king and as such, CheggAnswers.com has a committed support department that handles all concerns and clarifications from our clients. We encourage customers to contact us at any given time through our listed telephone, email, and text platforms.

Prompt Delivery & 100% Money Back Guarantee

Your work starts immediately after placing an order. Our writers are aware of our company policy that guarantees quality work to all our customers. For this reason, CheggAnswers strives to deliver assignments on time to avoid any delays that might compromise our relationship with clients.

Free Revisions

Although we are confident in our writers, you are entitled to free revisions whenever need arises. However, we highly disregard customers who misuse this privilege.

Try it now!

Calculate the price of your order

Total price:
$0.00

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

We offer a wide range of services that are aligned with the customers’ needs and expectations. We have positioned ourselves strategically to become a one-stop-shop where customers can access all academic services under one roof.

Essays

Academic Writing

Our main service is academic paper writing, which is handled by a pool of experienced writers who uphold the expected standards of writing. Over the years, we have delivered quality work to our clients because of our commitment to promote quality over quantity.

Admissions

Admission Essays

Whether you are about to Join College or you are a continuing student, CheggAnswers is there to help. Our competent professionals will solve all your writing problems. Personalization is key to scoring highly and satisfying the admission board’s expectations. We will help you achieve your academic goals.

Reviews

Editing & Proofreading

Some of our clients prefer to write their essays and have a third-party like CheggAnswers proofread their work. We have a skilled team of editors who comb through your paper and make any amends to increase its overall appeal. For all your editing and proofreading needs, CheggAnswers is there to help.

Reviews

Revision Support

At CheggAnswers, we offer an extensive revision support that works tirelessly to ensure that customer needs and expectations are met. We work closely with writers upon a customer’s revision request to ensure that we keep our promise of delivering quality work to all our clients.