10. What is a Supply Chain Network? 什么是供应链网络? 11. What Is Supply Chain Risk Management? 什么是供应链风险管理 12. What is Supply Chain Operations Reference (SCOR) ? 什么是供应链运营参考模型? 13. What is ERP (Enterprise Resource Planning)? 什么是企业资源计划ERP? 14. What Is Sales...
A Supplier Corrective Action Request or SCAR is a formal request given by an organization to its supplier requesting the rectification of an issue associated with quality or non-compliance with a regulation.
A requisition is a documented request for an item to be delivered by a certain date. Read how requisitions work as part of the procurement process.
When a business applies for credit, the creditor or supplier will often request a trade credit reference to assess the company’s creditworthiness. This reference serves as a crucial factor in the decision-making process, as it helps determine the level of risk associated with extending credit to...
Is an invoice a bill? Invoices are not bills, though they share similarities. Invoices document sales transactions and are used to request payment for goods or services with specific terms outlined regarding the amount, transaction method, and due date. Comparatively, a bill is a document of sal...
A P.O. or Purchase Order number is a unique number assigned to a purchase order form. The P.O. details the products or services a business wishes to receive from a particular vendor (or supplier). The P.O. number will be referenced throughout the transaction process by both the buyer ...
When a company purchases goods and services from a supplier or creditor on credit that needs to be paid back quickly. The accounting entry to record this transaction is known as Accounts Payable (AP). On a balance sheet, it appears under current liabilities. In a company, an AP department ...
If you are a supplier, it is important to check trade references. When assessing trade references provided by new customers, it’s crucial for vendors to conduct thorough evaluations. The following points highlight important factors to consider when checking trade references to gauge a customer’s...
Supplier relationship management (SRM) is a systematic approach to evaluating and partnering with vendors that supply goods, materials and services to an organization, determining each supplier's contribution to success, and developing strategies to improve their performance. ...
Let’s say you run a bakery, and you need to find a supplier who can send you flour in bulk. You can send out an RFQ to each potential flour supplier to see what they offer. Comparing the prices in each RFQ can help you get a better sense of which supplier to go with. ...