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Card 16

Front

What is an invitation to tender (ITT)?

Back

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Card 17

Front

The skill of a procurement professional is to achieve a low cost per product, without having to purchase a quanitity that will result in high inventory cost.

Back

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Card 18

Front

Economies of Scale

Back

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Card 19

Front

What is the purpose of the Research and Development Department?

How could procurement be involved in this?

Back

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Card 20

Front

What is a carriage deal?

Back

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Card 21

Front

What is 'Stock' Procurement?

Back

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Card 22

Front

What is 'Non-Stock' Procurement?

Back

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Card 23

Front

What is the Tertiary Sector?

What is a Tertiary Sector Service?

Back

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Card 24

Front

The Procurement Cycle

(U M D P D S I B C W C S A)
Uncle Mark's Dog Pete Destroyed Sue's Iphone Because Cats Were Controlling Sue's Account

Back

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Card 25

Front

What is Direct Procurement?

Back

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