In supply chain management there may be many participants in the same supply chain, all of whom are seeking to delight the ultimate or end customer who consumes the final output. In practice, even though the ultimate consumer may be the target of the value chain, there may be further stages to be managed, such as recycling. See also Efficient Consumer Response.« Back to Glossary Index
Discover the world’s largest Glossary of Procurement terms
With over 800 Procurement specific terms (and growing) you will find everything you need to know or thought you knew about the Procurement function. Our aim is to provide you with a comprehensive list collated from the Comprara Groups hub of training and consulting source materials.The Procurement Glossary has been compiled by industry expert Paul Rogers.