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Glossary: Supplier Relationships & Supply Chain

Expressive Feedback – The act of a buyer sharing both quantitative and qualitative feedback to potential suppliers during a bidding process or sourcing event, in order to increase both the level of response to the bid event and the competitiveness of the bids. Unlike an open, public reverse auction where the purpose of feedback is to drive supplier bids down to the lowest possible price, Expressive Feedback seeks to widen the potential number of qualified suppliers providing competitive pricing and commercial terms, ultimately to select the best supplier based on a combination of price and overall value to the buyer. [Refer to: White Paper - Expressive Feedback.]

Supplier Relationship Management – Managing supplier relationships in order to further develop the supply base’s potential for creating value and cost savings.

Supply Chain Management – Managing the overall network of those businesses, and locations connected in the provision of goods needed by end customers or consumers. Supply chain management spans the process of sourcing raw materials, manufacture, assembly, finishing, packaging, and then the distributing, storing, and delivering of those goods from point of origin to points of sale or consumption. [Refer to: Complementing Supply Chain Management Applications with CombineNet Sourcing.]

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