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  2. Manufacturing readiness level - Wikipedia

    en.wikipedia.org/wiki/Manufacturing_readiness_level

    Manufacturing processes and procedures demonstrated in a production representative environment. Detailed producibility trade studies and risk assessments underway. Cost models updated with detailed designs, rolled up to system level and tracked against targets. Unit cost reduction efforts underway. Supply chain and supplier Quality Assurance ...

  3. Supplier relationship management - Wikipedia

    en.wikipedia.org/wiki/Supplier_relationship...

    Supplier relationship management (SRM) is the systematic, enterprise-wide assessment of suppliers' strengths, performance and capabilities with respect to overall business strategy, determination of what activities to engage in with different suppliers, and planning and execution of all interactions with suppliers, in a coordinated fashion across the relationship life cycle, to maximize the ...

  4. Supplier risk management - Wikipedia

    en.wikipedia.org/wiki/Supplier_risk_management

    With a transparent, accessible and comprehensive set of supplier information, manufacturers have been able to monitor suppliers for behavioral changes which contribute to overall stability, including: Changes in the supplier's management team; Environmental legislation violations; Health and safety incidents; Quality issues

  5. Supplier evaluation - Wikipedia

    en.wikipedia.org/wiki/Supplier_evaluation

    Supplier evaluation is a continual process within purchasing departments, [4] and forms part of the pre-qualification step within the purchasing process, although in many organizations, it includes the participation and input of other departments and stakeholders.

  6. Supplier performance management - Wikipedia

    en.wikipedia.org/wiki/Supplier_performance...

    Supplier performance management (SPM) is a business practice which extends supplier evaluation, [1] and is used to measure, analyze, and manage the performance of a supplier in an effort to cut costs, alleviate risks, and drive continuous improvement. It is a function often associated with third party management. The ultimate intent is to ...

  7. Total quality management - Wikipedia

    en.wikipedia.org/wiki/Total_quality_management

    Total quality management (TQM) is an organization-wide effort to "install and make a permanent climate where employees continuously improve their ability to provide on-demand products and services that customers will find of particular value."

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  9. Procurement - Wikipedia

    en.wikipedia.org/wiki/Procurement

    seeking reliable vendors or suppliers to provide quality goods at reasonable prices; negotiating prices and contracts; reviewing technical specifications for raw materials, components, equipment or buildings; determining and monitoring quantity and timing of deliveries (more commonly in small companies) forecasting upcoming demand