Chapter 6: Operational Procurement Flashcards
1
Q
What are the steps of the ordering and delivery process
A
1) Demand Recognition
2) Ordering
3) Delivery
4) Inbound Handling
5) Settlement
6) Supplier Evaluation
2
Q
What does EXW mean
A
Ex Works
3
Q
What does CIF mean
A
Cost, Insurance and freight
4
Q
What does DDP mean
A
Delivered duty Paid
