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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 to sourcing production lines where the labor market would increase firms' ROI. Strategic sourcing processes aim for continuous improvement and re-evaluation of the purchasing activities of an organisation. In the services industry, strategic sourcing refers to a service solution, sometimes called a strategic partnership, which is specifically customized to meet the client's individual needs. In a production environment, it is often considered one component of supply chain management. Modern supply chain management professionals have placed emphasis on defining the distinct differences between strategic sourcing and procurement. Procurement operations support tactical day-to- ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Purchase Price
Purchasing is the process a business or organization uses to acquire goods or services to accomplish its goals. Although there are several organizations that attempt to set standards in the purchasing process, processes can vary greatly between organizations. Purchasing is part of the wider procurement process, which typically also includes expediting, supplier quality, transportation, and logistics. Details Purchasing managers/directors, and procurement managers/directors guide the organization’s acquisition procedures and standards. Most organizations use a three-way check as the foundation of their purchasing programs. This involves three departments in the organization completing separate parts of the acquisition process. The three departments do not all report to the same senior manager, to prevent unethical practices and lend credibility to the process. These departments can be purchasing, receiving and accounts payable; or engineering, purchasing and accounts payab ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Procurement
Procurement is the method of discovering and agreeing to terms and purchasing goods, Service (economics), services, or other works from an external source, often with the use of a tendering or competitive bidding process. When a government agency buys goods or services through this practice, it is referred to as Government procurement, public procurement. Procurement as an organization, organizational process is intended to ensure that the buyer receives goods, services, or works at the best possible price when aspects such as quality, quantity, time, and location are compared. Corporations and public bodies often define processes intended to promote fair and open competition for their business while minimizing risks such as exposure to fraud and collusion. Almost all purchasing decisions include factors such as delivery and handling, marginal benefit, and fluctuations in the prices of goods. Organisations which have adopted a corporate social responsibility perspective are also ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Reverse Auction
A reverse auction (also known as buyer-determined auction or procurement auction) is a type of auction in which the traditional roles of buyer and seller are reversed. Thus, there is one buyer and many potential sellers. In an ordinary auction also known as a forward auction, buyers compete to obtain goods or services by offering increasingly higher prices. In contrast, in a reverse auction, the sellers compete to obtain business from the buyer and prices will typically decrease as the sellers underbid each other. A reverse auction is similar to a unique bid auction because the basic principle remains the same; however, a unique bid auction follows the traditional auction format more closely as each bid is kept confidential and one clear winner is defined after the auction finishes. For business auctions, the term refers to a specific type of auction process (also called e-auction, sourcing event, e-sourcing or eRA, eRFP, e-RFO, e-procurement, B2B Auction). Open procurement pro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Francesco Marciuliano
Francesco Marciuliano is the writer of the syndicated comic strips ''Sally Forth'' and ''Judge Parker''. Marciuliano also wrote ''The New York Times'' bestselling book ''I Could Pee on This and Other Poems by Cats'' (2013), the national bestseller ''I Could Chew on This and Other Poems by Dogs'' (2013), and ''I Knead My Mommy and Other Poems by Kittens'' (2014). He also writes and draws the satiric webcomic ''Medium Large''. Career Marciuliano assumed writing duties for ''Sally Forth'' in 1999 after the strip's creator Greg Howard retired. Marciuliano had been working with Howard two years prior to taking over the writing duties. Since then he has introduced several regular-appearing characters to the comic including daughter Hilary's friends Faye and Nona, Sally's mom Laura and sister Jackie, and husband Ted's parents and brothers. Marciuliano has also received praise for his depiction of the breakout character of Ted Forth, a strategic sourcing professional who is married to th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Craig MacIntosh
Craig MacIntosh (born December 28, 1943) is an American cartoonist who, along with artist Steve Sack, draws the comic '' Doodles'', which began in 1986 and is distributed by Creators Syndicate. MacIntosh formerly worked on the comic strip ''Sally Forth'' along with colleague and writer Francesco Marciuliano and worked as an editorial cartoonist for the Minneapolis Star Tribune until 1992. Craig MacIntosh was born in Long Beach, California. in 1943. He grew up in a Navy family and lived on both coasts as a child and considers Honolulu his hometown. He graduated from Radford High School in 1962 and went to University of Illinois, graduating in 1966 with degree in Fine Arts. McIntosh was drafted that fall and spent three years in the U.S. Army, with the last year in Vietnam as a platoon leader. When he returned home, he began work as an editorial cartoonist with the Dayton, Ohio, Journal Herald until 1975. In 1975, he moved to Minneapolis to become the editorial cartoonist for the e ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ted Forth
''Sally Forth'' is a daily comic strip created by Greg Howard in 1982 and distributed by King Features Syndicate, focusing on the life of a white American middle-class mother at home and work. Sally's name is a play on words: "to sally forth" means to set out on an adventure. In 1991 Craig MacIntosh began doing the drawing. In 1999, Howard quit writing as well and turned the task of writing the strip over to Francesco Marciuliano and Steve Alaniz. Jim Keefe took over the artwork in 2013 from Craig MacIntosh, with Marciuliano continuing to write even after Alaniz retired from full-time work on the ''Sally Forth'' product line. Characters Sally and her family *Sally Forth (née Jansen) – The main character, a 40-year-old HR manager with a husband and daughter. She wryly comments on the eccentric behavior of those around her. Following a time skip in the comic on September 3, 2019, Sally is out of a job and currently looking for job opportunities. She eventually got hired and w ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Sally Forth (syndicated Strip)
''Sally Forth'' is a daily comic strip created by Greg Howard in 1982 and distributed by King Features Syndicate, focusing on the life of a white American middle-class mother at home and work. Sally's name is a play on words: "to sally forth" means to set out on an adventure. In 1991 Craig MacIntosh began doing the drawing. In 1999, Howard quit writing as well and turned the task of writing the strip over to Francesco Marciuliano and Steve Alaniz. Jim Keefe took over the artwork in 2013 from Craig MacIntosh, with Marciuliano continuing to write even after Alaniz retired from full-time work on the ''Sally Forth'' product line. Characters Sally and her family *Sally Forth (née Jansen) – The main character, a 40-year-old HR manager with a husband and daughter. She wryly comments on the eccentric behavior of those around her. Following a time skip in the comic on September 3, 2019, Sally is out of a job and currently looking for job opportunities. She eventually got hired and ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Comic Strip
A comic strip is a sequence of drawings, often cartoons, arranged in interrelated panels to display brief humor or form a narrative, often serialized, with text in balloons and captions. Traditionally, throughout the 20th and into the 21st century, these have been published in newspapers and magazines, with daily horizontal strips printed in black-and-white in newspapers, while Sunday papers offered longer sequences in special color comics sections. With the advent of the internet, online comic strips began to appear as webcomics. Strips are written and drawn by a comics artist, known as a cartoonist. As the word "comic" implies, strips are frequently humorous. Examples of these gag-a-day strips are '' Blondie'', ''Bringing Up Father'', ''Marmaduke'', and ''Pearls Before Swine''. In the late 1920s, comic strips expanded from their mirthful origins to feature adventure stories, as seen in ''Popeye'', ''Captain Easy'', ''Buck Rogers'', ''Tarzan'', and ''Terry and the Pira ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Vested Outsourcing
Vested outsourcing is a hybrid business model in which contracting parties create a formal relational contract using shared values and goals and outcome-based economics to create an agreement that is mutually beneficial for each party. The model was developed out of research by the University of Tennessee led by Kate Vitasek. Proponents of the vested outsourcing model argue that traditional outsourcing and businesses relationships are focused on win-lose arrangements where one party benefits at the other's expense. In contrast, a Vested agreement creates a win-win relationship in which both parties are equally invested in one another's success. The Vested approach is firmly rooted in relational contract theory, which was originally developed in the United States by the legal scholars Ian Roderick Macneil and Stewart Macaulay. Relational contract theory is characterized by a view of contracts as relations rather than as discrete transactions. Harvard University Professor and Nobe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Switching Barriers
Switching costs or switching barriers are terms used in microeconomics, strategic management, and marketing. They may be defined as the disadvantages or expenses consumers feel they experience, along with the economic and psychological costs of switching from one alternative to another. For example, when telephone service providers also offer Internet access as a package deal they are adding value to their service. A barrier to switching is then formed as swapping internet services providers is a time consuming effort. There are a range of different switching costs that fall under three main categories: procedural switching barriers, financial switching barriers, and relational switching barriers. Procedural switching barriers refer to the time and resources associated with changing to a new provider; financial switching barriers refer to the loss of financially measurable resources; and relational switching barriers look at the emotional inconvenience from the breaking of bonds and l ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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