# data[].attributes.body
Faster order cycle time

# data[].attributes.body
Ability to batch multiple items from multiple users into single order

# data[].attributes.body
Order acknowledgement from supplier

# data[].attributes.body
Order tracking capability

# data[].attributes.body
Reduced ordering errors

# data[].attributes.body
Faster order input time

# data[].attributes.body
Immediate visibility to backorders

# data[].attributes.body
Reduced administrative burden

# data[].attributes.body
Convenience ordering system

# data[].attributes.body
Allowing users to contact suppliers directly

# data[].attributes.body
Online ordering through e-catalogs

# data[].attributes.body
Electronic data interchange (EDI)

# data[].attributes.body
Coordination of subprocesses

# data[].attributes.body
Purchasing process redesign

# data[].attributes.body
Cloud-based ordering systems

# data[].attributes.body
Longer-term purchase agreements

# data[].attributes.body
E-commerce using the Internet

# data[].attributes.body
Procurement cards issued to users

# data[].attributes.body
Online requisitioning systems from users to purchasing

# data[].attributes.headline
Settlement, payment, and measurement of performance

# data[].attributes.subject
Settlement, payment, and measurement of performance

# data[].attributes.body
Transportation and third-party logistics providers

# data[].attributes.body
Capital equipment

# data[].attributes.body
Services

# data[].attributes.body
Production support items

# data[].attributes.body
Maintenance, repair, and operating items

# data[].attributes.body
Finished products

# data[].attributes.body
Semifinished products and components

# data[].attributes.body
Raw materials

# data[].attributes.headline
Continuously measure and manage supplier performance

# data[].attributes.subject
Continuously measure and manage supplier performance

# data[].attributes.body
- Purchasing cycle does not end with receipt of goods or services
- Frequency of evaluation and feedback

# data[].attributes.body
Supplier performance database

# data[].attributes.body
- 3-way match
- Electronic funds transfer ...

# data[].attributes.body
Shortages and overages

# data[].attributes.body
Transfers ownership and possession

# data[].attributes.body
Details contents of shipment

# data[].attributes.body
Acknowledgement and receipt

# data[].attributes.body
Need to identify and monitor relevant supplier costs

# data[].attributes.body
Risk of large contingency fee

# data[].attributes.body
Expensive, complex, and critical purchases

# data[].attributes.body
Technology risk

# data[].attributes.body
Market prices

# data[].attributes.body
Levels of supply

# data[].attributes.body
Industry competition

# data[].attributes.body
Financial risk – market fluctuations

# data[].attributes.body
Cost-based contracts

# data[].attributes.body
Fixed-price contracts

# data[].attributes.body
Increasingly electronic

# data[].attributes.body
User oftentimes makes actual order release

# data[].attributes.body
Provides notification to supplier about forecasted and actual needs

# data[].attributes.body
Used to release shipments under blanket P.O.

# data[].attributes.body
Importance of escape clause

# data[].attributes.body
P.O. remains open during specified term

# data[].attributes.body
Release materials as needed vs. issuing new P.O. each time

# data[].attributes.body
Used for repeated purchases of item or family of items

# data[].attributes.body
Usually open for 1 year

# data[].attributes.body
Visibility throughout company

# data[].attributes.body
Offer and acceptance

# data[].attributes.body
Standard legal language

# data[].attributes.body
Carefully define terms and conditions

# data[].attributes.body
Legally-binding document

# data[].attributes.body
Drafted after supplier evaluation and selection are completed

# data[].attributes.body
Supplier requires substantial lead time to develop and produce requested item(s)

# data[].attributes.body
Supplier cannot determine risks and costs before contract is awarded

# data[].attributes.body
Buyer requires early supplier involvement

# data[].attributes.body
Purchase requires agreement on wide range of performance factors other than price

# data[].attributes.body
Any criteria for competitive bidding: missing

# data[].attributes.body
Buyer does not have preferred supplier for particular item

# data[].attributes.body
Adequate time is available for suppliers to evaluate RFQ

# data[].attributes.body
Buyers solicit bids only from technically qualified suppliers who want contract

# data[].attributes.body
Marketplace is competitive

# data[].attributes.body
Specifications or requirements: clear to supplier

# data[].attributes.body
Volume is sufficiently high

# data[].attributes.body
Exposes firm to greater risk

# data[].attributes.body
Loss of opportunity to control cost and/or leverage purchase volume

# data[].attributes.body
May be acceptable when there is small chance of risk

# data[].attributes.body
User selects different supplier than supply management has approved

# data[].attributes.body
Negotiate or competitive bidding?

# data[].attributes.body
Need to evaluate and qualify

# data[].attributes.body
Need to identify potential suppliers

# data[].attributes.body
Problem of maverick spending

# data[].attributes.body
New supplier

# data[].attributes.body
List of preferred suppliers

# data[].attributes.body
Familiarity and track record

# data[].attributes.body
Existing supplier

# data[].attributes.body
Cross-functional sourcing teams

# data[].attributes.body
Stock checks

# data[].attributes.body
Reorder point system