Chapter 2 Definitions Flashcards
1
Q
A stakeholder within the organisation, such as a department or function.
A
Internal Stakeholder
2
Q
This is a stakeholder that has a strong interest in a companies activities.
A
Connected Stakeholder
3
Q
A stakeholder outside the buying organisation.
A
External Stakeholder
4
Q
The 8 Wastes - TIMWOODS
A
- Transportation
- Inventory
- Motion
- Waiting
- Over-production
- Over-processing
- Defects
- Skills
5
Q
This involves buying a quantity greater than the volume currently required in order to avoid future price increases.
A
Forward Buying
6
Q
A
