--- title: IISCM | Supply Chain (5) description: Supply Chain | (5) --- ![Fhyzicslogoimage-2](https://blog.fhyzics.net/hs-fs/hubfs/Fhyzicslogoimage-2.png?width=70&name=Fhyzicslogoimage-2.png "Fhyzicslogoimage-2") ![Fhyzicslogoimage-2](https://blog.fhyzics.net/hs-fs/hubfs/Fhyzicslogoimage-2.png?width=70&name=Fhyzicslogoimage-2.png "Fhyzicslogoimage-2") [![Get Certified](https://no-cache.hubspot.com/cta/default/3112120/229464f9-28c1-465b-b116-8eab0815034e.png)](https://cta-redirect.hubspot.com/cta/redirect/3112120/229464f9-28c1-465b-b116-8eab0815034e) ![hero-img1](https://cdn2.hubspot.net/hub/5152923/hubfs/Creative_Theme/image/hero-img1.jpg?width=1810&name=hero-img1.jpg "hero-img1") [SCM](https://blog.fhyzics.net/iiscm/tag/scm) ## [Procurement Terminology – Trigger Events](https://blog.fhyzics.net/iiscm/procurement-terminology-trigger-events) by [IISCM](https://blog.fhyzics.net/iiscm/author/iiscm) Aug 21, 2023 [SCM](https://blog.fhyzics.net/iiscm/tag/scm) ## [Procurement Terminology – Requisition](https://blog.fhyzics.net/iiscm/procurement-terminology-requisition) by [IISCM](https://blog.fhyzics.net/iiscm/author/iiscm) Aug 21, 2023 [SCM](https://blog.fhyzics.net/iiscm/tag/scm) ## [Procurement Terminology – Performance Measures](https://blog.fhyzics.net/iiscm/procurement-terminology-performance-measures) by [IISCM](https://blog.fhyzics.net/iiscm/author/iiscm) Aug 21, 2023 - [**](https://www.facebook.com/sharer/sharer.php?u=https://blog.fhyzics.net/iiscm/procurement-terminology-sourcing-strategy&title=Procurement%20Terminology%20–%20Sourcing%20Strategy&description=Sourcing%20Strategy%20-%20Master%20the%20CIPS%20L4%20Procurement%20Terminology%20–%20Concepts,%20Examples%20and%20Case%20Studies.) - [**](https://twitter.com/intent/tweet?source=https://blog.fhyzics.net/iiscm/procurement-terminology-sourcing-strategy&text=Procurement%20Terminology%20–%20Sourcing%20Strategy%20-%20https://blog.fhyzics.net/iiscm/procurement-terminology-sourcing-strategy) - [**](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.fhyzics.net/iiscm/procurement-terminology-sourcing-strategy&title=Procurement%20Terminology%20–%20Sourcing%20Strategy&summary=Sourcing%20Strategy%20-%20Master%20the%20CIPS%20L4%20Procurement%20Terminology%20–%20Concepts,%20Examples%20and%20Case%20Studies.) - [**](https://plus.google.com/share?url=https://blog.fhyzics.net/iiscm/procurement-terminology-sourcing-strategy) ## [Procurement Terminology – Sourcing Strategy](https://blog.fhyzics.net/iiscm/procurement-terminology-sourcing-strategy) In the realm of procurement, the term "Sourcing Strategy" emerges as a crucial concept, serving as a blueprint for how organizations By [IISCM](https://blog.fhyzics.net/iiscm/author/iiscm) In: [SCM](https://blog.fhyzics.net/iiscm/tag/scm) [**](https://blog.fhyzics.net/iiscm/procurement-terminology-sourcing-strategy) - [**](https://www.facebook.com/sharer/sharer.php?u=https://blog.fhyzics.net/iiscm/procurement-terminology-benchmarked-prices&title=Procurement%20Terminology%20–%20Benchmarked%20Prices&description=Benchmarked%20Prices%20-%20Master%20the%20CIPS%20L4%20Procurement%20Terminology%20–%20Concepts,%20Examples%20and%20Case%20Studies.) - [**](https://twitter.com/intent/tweet?source=https://blog.fhyzics.net/iiscm/procurement-terminology-benchmarked-prices&text=Procurement%20Terminology%20–%20Benchmarked%20Prices%20-%20https://blog.fhyzics.net/iiscm/procurement-terminology-benchmarked-prices) - [**](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.fhyzics.net/iiscm/procurement-terminology-benchmarked-prices&title=Procurement%20Terminology%20–%20Benchmarked%20Prices&summary=Benchmarked%20Prices%20-%20Master%20the%20CIPS%20L4%20Procurement%20Terminology%20–%20Concepts,%20Examples%20and%20Case%20Studies.) - [**](https://plus.google.com/share?url=https://blog.fhyzics.net/iiscm/procurement-terminology-benchmarked-prices) ## [Procurement Terminology – Benchmarked Prices](https://blog.fhyzics.net/iiscm/procurement-terminology-benchmarked-prices) In the realm of procurement, the concept of "Benchmarked Prices" emerges as a crucial tool, offering a comparative framework to assess By [IISCM](https://blog.fhyzics.net/iiscm/author/iiscm) In: [SCM](https://blog.fhyzics.net/iiscm/tag/scm) [**](https://blog.fhyzics.net/iiscm/procurement-terminology-benchmarked-prices) - [**](https://www.facebook.com/sharer/sharer.php?u=https://blog.fhyzics.net/iiscm/procurement-terminology-continuous-improvement&title=Procurement%20Terminology%20–%20Continuous%20Improvement&description=Continuous%20Improvement%20-%20Master%20the%20CIPS%20L4%20Procurement%20Terminology%20–%20Concepts,%20Examples%20and%20Case%20Studies.) - [**](https://twitter.com/intent/tweet?source=https://blog.fhyzics.net/iiscm/procurement-terminology-continuous-improvement&text=Procurement%20Terminology%20–%20Continuous%20Improvement%20-%20https://blog.fhyzics.net/iiscm/procurement-terminology-continuous-improvement) - [**](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.fhyzics.net/iiscm/procurement-terminology-continuous-improvement&title=Procurement%20Terminology%20–%20Continuous%20Improvement&summary=Continuous%20Improvement%20-%20Master%20the%20CIPS%20L4%20Procurement%20Terminology%20–%20Concepts,%20Examples%20and%20Case%20Studies.) - [**](https://plus.google.com/share?url=https://blog.fhyzics.net/iiscm/procurement-terminology-continuous-improvement) ## [Procurement Terminology – Continuous Improvement](https://blog.fhyzics.net/iiscm/procurement-terminology-continuous-improvement) In the realm of procurement, the concept of "Continuous Improvement" takes center stage, acting as a driving force behind By [IISCM](https://blog.fhyzics.net/iiscm/author/iiscm) In: [SCM](https://blog.fhyzics.net/iiscm/tag/scm) [**](https://blog.fhyzics.net/iiscm/procurement-terminology-continuous-improvement) - [**](https://www.facebook.com/sharer/sharer.php?u=https://blog.fhyzics.net/iiscm/procurement-terminology-criteria&title=Procurement%20Terminology%20–%20Criteria&description=Criteria%20-%20Master%20the%20CIPS%20L4%20Procurement%20Terminology%20–%20Concepts,%20Examples%20and%20Case%20Studies.) - [**](https://twitter.com/intent/tweet?source=https://blog.fhyzics.net/iiscm/procurement-terminology-criteria&text=Procurement%20Terminology%20–%20Criteria%20-%20https://blog.fhyzics.net/iiscm/procurement-terminology-criteria) - [**](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.fhyzics.net/iiscm/procurement-terminology-criteria&title=Procurement%20Terminology%20–%20Criteria&summary=Criteria%20-%20Master%20the%20CIPS%20L4%20Procurement%20Terminology%20–%20Concepts,%20Examples%20and%20Case%20Studies.) - [**](https://plus.google.com/share?url=https://blog.fhyzics.net/iiscm/procurement-terminology-criteria) ## [Procurement Terminology – Criteria](https://blog.fhyzics.net/iiscm/procurement-terminology-criteria) In the realm of procurement, the term "Criteria" serves as a guiding compass for effective supplier selection and decision-making. Criteria By [IISCM](https://blog.fhyzics.net/iiscm/author/iiscm) In: [SCM](https://blog.fhyzics.net/iiscm/tag/scm) [**](https://blog.fhyzics.net/iiscm/procurement-terminology-criteria) - [**](https://www.facebook.com/sharer/sharer.php?u=https://blog.fhyzics.net/iiscm/procurement-terminology-total-cost-of-ownership&title=Procurement%20Terminology%20–%20Total%20Cost%20of%20Ownership&description=Total%20Cost%20of%20Ownership%20-%20Master%20the%20CIPS%20L4%20Procurement%20Terminology%20–%20Concepts,%20Examples%20and%20Case%20Studies.) - [**](https://twitter.com/intent/tweet?source=https://blog.fhyzics.net/iiscm/procurement-terminology-total-cost-of-ownership&text=Procurement%20Terminology%20–%20Total%20Cost%20of%20Ownership%20-%20https://blog.fhyzics.net/iiscm/procurement-terminology-total-cost-of-ownership) - [**](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.fhyzics.net/iiscm/procurement-terminology-total-cost-of-ownership&title=Procurement%20Terminology%20–%20Total%20Cost%20of%20Ownership&summary=Total%20Cost%20of%20Ownership%20-%20Master%20the%20CIPS%20L4%20Procurement%20Terminology%20–%20Concepts,%20Examples%20and%20Case%20Studies.) - [**](https://plus.google.com/share?url=https://blog.fhyzics.net/iiscm/procurement-terminology-total-cost-of-ownership) ## [Procurement Terminology – Total Cost of Ownership](https://blog.fhyzics.net/iiscm/procurement-terminology-total-cost-of-ownership) In the realm of procurement, the term "Total Cost of Ownership" (TCO) emerges as a pivotal concept, offering a holistic perspective on By [IISCM](https://blog.fhyzics.net/iiscm/author/iiscm) In: [SCM](https://blog.fhyzics.net/iiscm/tag/scm) [**](https://blog.fhyzics.net/iiscm/procurement-terminology-total-cost-of-ownership) - [**](https://www.facebook.com/sharer/sharer.php?u=https://blog.fhyzics.net/iiscm/procurement-terminology-critical-path&title=Procurement%20Terminology%20–%20Critical%20Path&description=Critical%20Path%20-%20Master%20the%20CIPS%20L4%20Procurement%20Terminology%20–%20Concepts,%20Examples%20and%20Case%20Studies.) - [**](https://twitter.com/intent/tweet?source=https://blog.fhyzics.net/iiscm/procurement-terminology-critical-path&text=Procurement%20Terminology%20–%20Critical%20Path%20-%20https://blog.fhyzics.net/iiscm/procurement-terminology-critical-path) - [**](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.fhyzics.net/iiscm/procurement-terminology-critical-path&title=Procurement%20Terminology%20–%20Critical%20Path&summary=Critical%20Path%20-%20Master%20the%20CIPS%20L4%20Procurement%20Terminology%20–%20Concepts,%20Examples%20and%20Case%20Studies.) - [**](https://plus.google.com/share?url=https://blog.fhyzics.net/iiscm/procurement-terminology-critical-path) ## [Procurement Terminology – Critical Path](https://blog.fhyzics.net/iiscm/procurement-terminology-critical-path) In the realm of procurement, the term "Critical Path" emerges as a fundamental concept, serving as the strategic roadmap that ensures By [IISCM](https://blog.fhyzics.net/iiscm/author/iiscm) In: [SCM](https://blog.fhyzics.net/iiscm/tag/scm) [**](https://blog.fhyzics.net/iiscm/procurement-terminology-critical-path) - [**](https://www.facebook.com/sharer/sharer.php?u=https://blog.fhyzics.net/iiscm/procurement-terminology-key-suppliers&title=Procurement%20Terminology%20–%20Key%20Suppliers&description=Key%20Suppliers%20-%20Master%20the%20CIPS%20L4%20Procurement%20Terminology%20–%20Concepts,%20Examples%20and%20Case%20Studies.) - [**](https://twitter.com/intent/tweet?source=https://blog.fhyzics.net/iiscm/procurement-terminology-key-suppliers&text=Procurement%20Terminology%20–%20Key%20Suppliers%20-%20https://blog.fhyzics.net/iiscm/procurement-terminology-key-suppliers) - [**](http://www.linkedin.com/shareArticle?mini=true&url=https://blog.fhyzics.net/iiscm/procurement-terminology-key-suppliers&title=Procurement%20Terminology%20–%20Key%20Suppliers&summary=Key%20Suppliers%20-%20Master%20the%20CIPS%20L4%20Procurement%20Terminology%20–%20Concepts,%20Examples%20and%20Case%20Studies.) - [**](https://plus.google.com/share?url=https://blog.fhyzics.net/iiscm/procurement-terminology-key-suppliers) ## [Procurement Terminology – Key Suppliers](https://blog.fhyzics.net/iiscm/procurement-terminology-key-suppliers) In the intricate landscape of procurement, the term "Key Suppliers" stands as a foundational concept, representing a select group of By [IISCM](https://blog.fhyzics.net/iiscm/author/iiscm) In: [SCM](https://blog.fhyzics.net/iiscm/tag/scm) [**](https://blog.fhyzics.net/iiscm/procurement-terminology-key-suppliers) ## Leave a Reply [Content Title](https://blog.fhyzics.net/iiscm/tag/supply-chain/page/5#) Description [![Supply Chain Certified Professional](https://blog.fhyzics.net/hs-fs/hubfs/Supply%20Chain%20Certified%20Professional.png?width=500&name=Supply%20Chain%20Certified%20Professional.png "Supply Chain Certified Professional")](https://pages.fhyzics.net/certversity) [![CIOP](https://blog.fhyzics.net/hubfs/CIOP.png "CIOP")](https://pages.fhyzics.net/ciop) [![LN Group](https://blog.fhyzics.net/hubfs/LN%20Group.png "LN Group")](https://www.linkedin.com/groups/10365331/) [![IISCM Channel](https://blog.fhyzics.net/hubfs/IISCM%20Channel.png "IISCM Channel")](https://www.youtube.com/playlist?list=PLpkL7tb2kVVw87AiuVGzBJgSfHPZhe4PZ) . ### Subscribe To Get Inspiration ### Search form ### Categories - [Amazon (1)](https://blog.fhyzics.net/iiscm/tag/amazon) - [Apollo Tyres LTD (1)](https://blog.fhyzics.net/iiscm/tag/apollo-tyres-ltd) - [Ashok Leyland (1)](https://blog.fhyzics.net/iiscm/tag/ashok-leyland) - [BMW (1)](https://blog.fhyzics.net/iiscm/tag/bmw) - [CIOP (5)](https://blog.fhyzics.net/iiscm/tag/ciop) - [DHL (1)](https://blog.fhyzics.net/iiscm/tag/dhl) - [Flex India (1)](https://blog.fhyzics.net/iiscm/tag/flex-india) - [FLSmidth (1)](https://blog.fhyzics.net/iiscm/tag/flsmidth) - [GIC-2020 (1)](https://blog.fhyzics.net/iiscm/tag/gic-2020) - [Hyundai (1)](https://blog.fhyzics.net/iiscm/tag/hyundai) - [IISCM (2)](https://blog.fhyzics.net/iiscm/tag/iiscm) - [IISCM Digest (1)](https://blog.fhyzics.net/iiscm/tag/iiscm-digest) - [Indian Oil Corporation (2)](https://blog.fhyzics.net/iiscm/tag/indian-oil-corporation) - [Inventory (16)](https://blog.fhyzics.net/iiscm/tag/inventory) - [Inventory Management (1)](https://blog.fhyzics.net/iiscm/tag/inventory-management) - [Job (1)](https://blog.fhyzics.net/iiscm/tag/job) - [Larsen & Toubro Limited (1)](https://blog.fhyzics.net/iiscm/tag/larsen-toubro-limited) - [LinkedIn (3)](https://blog.fhyzics.net/iiscm/tag/linkedin) - [Logistics (2)](https://blog.fhyzics.net/iiscm/tag/logistics) - [Mahindra (1)](https://blog.fhyzics.net/iiscm/tag/mahindra) - [NCSCL (1)](https://blog.fhyzics.net/iiscm/tag/ncscl) - [Nokia (1)](https://blog.fhyzics.net/iiscm/tag/nokia) - [NTC Logistics India Private Limited (1)](https://blog.fhyzics.net/iiscm/tag/ntc-logistics-india-private-limited) - [Pepsico (1)](https://blog.fhyzics.net/iiscm/tag/pepsico) - [Philips (1)](https://blog.fhyzics.net/iiscm/tag/philips) - [Procurement (2)](https://blog.fhyzics.net/iiscm/tag/procurement) - [Reliance Retail (1)](https://blog.fhyzics.net/iiscm/tag/reliance-retail) - [Samsung (1)](https://blog.fhyzics.net/iiscm/tag/samsung) - [SCM (293)](https://blog.fhyzics.net/iiscm/tag/scm) - [SCM Magazine (1)](https://blog.fhyzics.net/iiscm/tag/scm-magazine) - [SCMAT (1)](https://blog.fhyzics.net/iiscm/tag/scmat) - [Shell (1)](https://blog.fhyzics.net/iiscm/tag/shell) - [Supplier Certification (1)](https://blog.fhyzics.net/iiscm/tag/supplier-certification) - [Supply Chain (328)](https://blog.fhyzics.net/iiscm/tag/supply-chain) - [Supply Chain Jobs (25)](https://blog.fhyzics.net/iiscm/tag/supply-chain-jobs) - [Tata Capital (1)](https://blog.fhyzics.net/iiscm/tag/tata-capital) - [Toyota (1)](https://blog.fhyzics.net/iiscm/tag/toyota) - [TVS (1)](https://blog.fhyzics.net/iiscm/tag/tvs) - [Vendor (2)](https://blog.fhyzics.net/iiscm/tag/vendor) - [Vendor Management Administrator (2)](https://blog.fhyzics.net/iiscm/tag/vendor-management-administrator) - [Vendor Manager (2)](https://blog.fhyzics.net/iiscm/tag/vendor-manager) - [Warehouse (4)](https://blog.fhyzics.net/iiscm/tag/warehouse) - [Wells Fargo (1)](https://blog.fhyzics.net/iiscm/tag/wells-fargo) - [Wipro Limited (1)](https://blog.fhyzics.net/iiscm/tag/wipro-limited) - [Xiaomi (1)](https://blog.fhyzics.net/iiscm/tag/xiaomi) [See all](https://blog.fhyzics.net/iiscm/tag/supply-chain/page/5#) ### Popular Post [ LinkedIn Job Opportunities Groups ](https://blog.fhyzics.net/iiscm/linkedin-job-opportunities-groups) [Prema Kani](https://blog.fhyzics.net/iiscm/author/prema-kani) - Dec 7, 2020 [ LinkedIn Supply Chain Management Groups ](https://blog.fhyzics.net/iiscm/linkedin-supply-chain-management-groups) [Prema Kani](https://blog.fhyzics.net/iiscm/author/prema-kani) - Nov 24, 2020 [ Colleges Offering Supply Chain Programs in India ](https://blog.fhyzics.net/iiscm/colleges-offering-supply-chain-programs-in-india) [IISCM](https://blog.fhyzics.net/iiscm/author/iiscm) - Sep 19, 2020 [ LinkedIn Marketing Program ](https://blog.fhyzics.net/iiscm/linkedin-marketing-program) [IISCM](https://blog.fhyzics.net/iiscm/author/iiscm) - Dec 2, 2020 [ Procurement Terminology – Economies of Scale ](https://blog.fhyzics.net/iiscm/procurement-terminology-economies-of-scale) [IISCM](https://blog.fhyzics.net/iiscm/author/iiscm) - Jun 15, 2023 ### Recent Posts [ Procurement Terminology – Price Analysis ](https://blog.fhyzics.net/iiscm/procurement-terminology-price-analysis) [IISCM](https://blog.fhyzics.net/iiscm/author/iiscm) Aug 31, 2023 [ Procurement Terminology – Quality Function Deployment ](https://blog.fhyzics.net/iiscm/procurement-terminology-quality-function-deployment) [IISCM](https://blog.fhyzics.net/iiscm/author/iiscm) Aug 31, 2023 [ Procurement Terminology – Strategic Suppliers ](https://blog.fhyzics.net/iiscm/procurement-terminology-strategic-suppliers) [IISCM](https://blog.fhyzics.net/iiscm/author/iiscm) Aug 31, 2023 [ Procurement Terminology – Arm's Length Relationship ](https://blog.fhyzics.net/iiscm/procurement-terminology-arms-length-relationship) [IISCM](https://blog.fhyzics.net/iiscm/author/iiscm) Aug 31, 2023 [ Procurement Terminology – Non-Profit Organisation ](https://blog.fhyzics.net/iiscm/procurement-terminology-non-profit-organisation) [IISCM](https://blog.fhyzics.net/iiscm/author/iiscm) Aug 31, 2023 ## Growth Is Just One Click Away Don't feel like calling? Just share some details about your SOP Requirements & Fhyzics representative will get in touch with you. **Schedule A Meeting with our Manager [Consulting & Certifications]** [![Schedule a Meeting](https://no-cache.hubspot.com/cta/default/3112120/94d7b671-818c-44de-b56d-bb11ebf495c2.png)](https://cta-redirect.hubspot.com/cta/redirect/3112120/94d7b671-818c-44de-b56d-bb11ebf495c2) Join Our NewsLetter ## **subscribe newsletter** ![16](https://cdn2.hubspot.net/hub/5152923/hubfs/HP_Theme/images/16.jpg?width=3953&name=16.jpg "16") ![Fhyzics-logo](https://blog.fhyzics.net/hs-fs/hubfs/Fhyzics-logo.png?width=100&name=Fhyzics-logo.png "Fhyzics-logo") Fhyzics Business Consultants Private Limited specialises in Consulting, Certifications, Executive Development Programs and Conferences in Supply Chain Management, New Product Development and Business Analysis domains. ## Professional Certifications ## Contact us [cs@fhyzics.net](mailto:mailto:cs@fhyzics.net) [+91-900-304-9000](tel:900-304-9000) - [Facebook](https://www.facebook.com/Fhyzics.India/) - [Twitter](https://twitter.com/fhyzicsindia?lang=en) - [Linkedin](https://www.linkedin.com/company/fhyzics-business-consultants-pvt-ltd-/) - [Pinterest](https://in.pinterest.com/Fhyzics/) Copyright © 2026 Fhyzics Business Consultants Pvt. Ltd. All Rights Reserved.