Fig 4.1 from purchasing process and information flow. "Three way match"
Definition of price and cost analysis and the difference between the two.
Pre-requisites for competitive bidding and conditions when negotiation, rather than competitive bidding should be used.
Explain each type of contract. Who bears the risk with each?
Negotiation fundamentals: BATNA, reservation point, aspiration point, focal point, integrative bargaining, distributive bargaining, dual concerns model.
Explain supply mgt ethics standards 1 3 4 5 7 9 & 10
Explain the major steps involved in receiving and storing material in a random storage location system, such as the one in the Arrow Electronics Case.
Major differences between transportation modes (table)
What are INCOterms?
Risk Pooling. Material on the handout (entitled "Risk Pooling") except for the last page, which we did not cover (p 4)
Quick Response / Accurate Response: Concepts/Principles covered by the the article "Making Supply Meet Demand in an Uncertain World," the Global Supply Chain (Cell Phone) simulation and discussed in class.
Environmental and Social Responsibility: See readings questions
Industrial Dynamics/Bullwhip Effect: See readings questions