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10 Terms

1

Supply Chain Information Systems

Tools used to manage and analyze the flow of information across the supply chain.

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2

Electronic Sourcing Tools

Digital tools that assist in sourcing goods and services electronically.

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3

Internal Information Flows

Data movement within an organization including purchasing, production, and quality control.

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4

External Information Flows

Data movement to/from suppliers regarding market conditions, prices, and product information.

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5

Enterprise Resource Planning (ERP) Systems

Software that integrates various functions of a business into one complete system to streamline processes.

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6

Electronic Data Interchange (EDI)

Method for transferring business documents electronically between organizations.

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7

Product e-Catalogs

Digital catalogs that showcase supplier products, including specifications and transaction data.

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8

Reverse Auctions

An auction format where sellers bid lower prices to win contracts for goods or services.

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9

Swimlane Diagrams

Flowcharts that visually represent the responsibilities of different stakeholders in a process.

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10

Auction Platform

Online services used to facilitate the procedure of conducting an auction.

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