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Match the following terms to the correct definition. -- On the demand side it is the highest price a buyer is willing to pay. On
Match the following terms to the correct definition. -- On the demand side it is the highest price a buyer is willing to pay. On the supply side it is the lowest price a seller is willing to accept. -- The process of giving financial and technical assistance to existing and potential suppliers to improve or expand their capabilities. -- A tool to help companies evaluate supplier performance, often reviewing each supplier's delivery performance, quality, costs, and sustainability practices. -- The sum of all the costs associated with every activity of the supply stream. This many include things like maintenance, repair, upgrades, training, and so forth. -- A framework that shows how supply chain participants engage in the same basic process blocks of plan, source, make, deliver and return. 1. Supplier Development 2. TCO (Total Cost of Ownership) 3. SCOR Model 4. Reservation Value 5. Supplier Scorecard
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