A forum for defining key terms / definitions as it applies to World Class Procurement and Supply Chain Management

Strategy for creating a World-Class Procurement Organisation, Integration with Business Strategy and Planning.. Ability to influence the organisation's overall strategy. Selling the Procurement Business Case

Spend SEGMENTATION, Cross Functional TEAMS, ANALYSING: TCO / Lifeycle Costs, Supplier Market, Item Characteristics and Supplier Costs. OPPORTUNITY Brainstorming, Sourcing STRATEGY Development.

Management of Goods and Services (Commodities) throughout their lifecycle from need through to disposal. Category and Specification Management. Codification of items.

Supply Base Strategies, Performance Measurement, Supplier Relationship Management, Supplier Integration, Supplier Development

Contract Pre-Planning, Risk Management, Legal Aspects, Creating and Managing SLA's (service level agreements), Contracts Database, Contracts Close Out

Planning and replanning of procurement requirements. Integration with other planning systems and Process. Materials Management

Policies, Eliminiating fraud, spend limits, authorisations, transactional reporting.

Managing and optimising the purchase to pay Cycle. Expediting. Red Tape Reduction