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Supplier Rating (Evaluation)
Process for and
result of ranking a supplier's performance
according to criteria and the subsequent
document of such ranking.
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Supplier's/Vendor's Lien
A seller’s right to retain
possession of property until payment for the
property is recovered.
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Supplier/Vendor Complaint Form
document
completed by an end user to record incidents
of poor supplier/vendor performance. Sent to
entity's procurement department for further
action.
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Supplier/Vendor File
The accumulated record
maintained by a central purchasing authority
on a supplier/vendor, including information
on the supplier's/vendor’s relationship with
the purchasing authority, application for
inclusion on the suppliers/bidders list, record
of performance under contract, and
correspondence.
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Suppliers Conference
A meeting convened with
potential offerors to discuss a solicitation's
technical, operational, and performance
specifications, or the full extent of financial,
security, and other contractual obligations
before the solicitation closes.
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Supply
1. The ability and willingness to sell (produce)
specific quantities of a good at alternative
prices in a given time period.
2. A tangible item purchased or consumed by an
entity.
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Supply and Demand
The quantity of goods
available for sale at a given price and the
level of consumer need for those goods at a
given price. The balance of supply and
demand fluctuates as external economic
factors—such as the cost of materials and the
level of competition in the marketplace—
influence the level of demand from
consumers and the desire and ability of
producers to supply the goods. (Business
2002)
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Supply Chain
A linear description of an
organization’s supply function—which includes
all internal functions plus external suppliers
who are connected with one another—to
identify and satisfy the need for materials,
equipment, and services. The “chain” may
begin with raw materials extracted from the
earth and include extractors, converters,
original equipment manufacturers,
distributors, and, finally, the end user
(customer). (Burt, Dobler, and Starling 2003)
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Supply Chain Management (SCM)
1. The actions and values responsible for
continuous improvement of the design,
development, and management process of an
organization’s supply system, with the
objective of improving its profitability and the
survival of its customers and suppliers. SCM
has a major impact on net income and
shareholder value. (Burt, Dobler, and Starling
2003)
2. The identification, acquisition, access,
positioning, and management of resources an
organization needs to attain its strategic
objective. (ISM 2000)
See Also: Materiel Management.
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Supply Chain Pollution Avoidance (SCPA)
An
approach that focuses on processes that
prevent or minimize pollution from being
created throughout the supply chain. (Burt,
Dobler, and Starling, 2003)