Purchasing Material Management

Define the term AND provide a real world example for each of the following 9 terms below. The terms are in reference to purchasing and supply chain management.

  1. cost of quality, 2.Deming’s 4 Points, 3.ISO 9001:2008, 4. kaizen, 5. process capability, 6. quality at the source, 7.Six Sigma, 8. supplier quality, 9. supply base rationalization or optimization

Sample Solution