Introduction to Operations and Supply Chain Management, Student Value Edition: Supply Management Flashcards


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created 10 months ago by SimsWadiNaiken
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supply chain management, operations and supply chain management, supply chain management - service and manufacturing operations
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1

Supply Management

refers to the broad set of activities carried out by organizations to analyze sourcing opportunities, develop sourcing strategies, select suppliers, and carry out all the activities required to procure goods and services

2

Cost Of Goods Sold (COGS)

is the purchased cost of goods from outside suppliers. It tells us how much a company has paid for the goods that it sold to its customers