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  2. Global sourcing - Wikipedia

    en.wikipedia.org/wiki/Global_sourcing

    Global sourcing is the practice of sourcing from the global market for goods and services across geopolitical boundaries. Global sourcing often aims to exploit global efficiencies in the delivery of a product or service. These efficiencies include low cost skilled labor, low cost raw material, extreme international competition, new technology ...

  3. Strategic sourcing - Wikipedia

    en.wikipedia.org/wiki/Strategic_sourcing

    Strategic sourcing is the process of developing channels of supply at the lowest total cost, not just the lowest purchase price.It expands upon traditional organisational purchasing activities to embrace all activities within the procurement cycle, from specification to receipt, payment for goods and services [1] to sourcing production lines where the labor market would increase firms' ROI. [2]

  4. Supply chain management - Wikipedia

    en.wikipedia.org/wiki/Supply_chain_management

    Supply chain management is a cross-functional approach that includes managing the movement of raw materials into an organization, certain aspects of the internal processing of materials into finished goods, and the movement of finished goods out of the organization and toward the end consumer.

  5. Purchasing - Wikipedia

    en.wikipedia.org/wiki/Purchasing

    Another change was the focus on negotiating contracts and procurement of large capital equipment. Both of these functions permitted purchasing departments to make the biggest financial contribution to the organization. A new term and job title emerged – Strategic sourcing and Sourcing Managers.

  6. Chief procurement officer - Wikipedia

    en.wikipedia.org/wiki/Chief_procurement_officer

    A chief procurement officer ( CPO) undertakes an executive role within an enterprise, focusing on sourcing, procurement, and supply management . Typically, a CPO is responsible for the management, administration, and supervision of the company's acquisition programs. They may be in charge of the contracting services and may manage the purchase ...

  7. E-procurement - Wikipedia

    en.wikipedia.org/wiki/E-procurement

    E-commerce. E-procurement ( electronic procurement, sometimes also known as supplier exchange) is a collective term used to refer to a range of technologies which can be used to automate the internal and external processes associated with procurement, strategic sourcing and purchasing. [ 1]

  8. Institute for Supply Management - Wikipedia

    en.wikipedia.org/wiki/Institute_for_Supply...

    Institute for Supply Management (ISM) is the oldest, and the largest, supply management association in the world. [1] Founded in 1915, the U.S.-based not-for-profit educational association serves professionals and organizations with a keen interest in supply management, providing them education, training, qualifications, publications, information, and research.

  9. So you're in your early 40s and your net worth is average ...

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    If you don’t have access to a 401(k) through your job, you can sign up for an IRA. The traditional version of either account will shield your contributions from taxes, provided you don’t ...

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