Lernkarten
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Purchasing
concentrates on the process of buying goods in order to fulfill demands
Sourcing
describes the search for, qualification and operational use of sources of supply in terms of companies with the potential to supply goods or services with the requires quality
Procurement
characterizes the process of taking care of that the required goods and services are available for a company
Supply
emphasizes the provision of goods at correct place at the right time in the right quantity and with the right quality.
Global Sourcing
shows the global dimension of the sourcing and supply processes meaning that significant activities take place in all major world regions.
Forward Sourcing
is used to describe the idea to integrate suppliers in the sense of a value chain early in the product development process.
Strategic vs. Operational
long term, short to mid term
Commodity
good or product that is commercially used and can interchangeably acquired from various sources
