Security stocksExtra held when necessary in unexpected situations. B, such as increasing demand or non-delivery of a panel by suppliers, are “open” when other suppliers may request to be represented in the proceeding during the period for which it was created. Strategic ProcurementThe practice of focusing on building long-term relationships with suppliers, which could lead to a competitive advantages All good relationships with suppliers should have a good degree of flexibility. Johnson believes that your supplier should always be prepared to consider your preferences and work with you to provide options for the purchase. “Sometimes these relationships can be a little twisted,” he says. “There was a time when our client was the secondary supplier of our equipment. If the customer has enough components in their manufacturing system to fill an order, we have no problem with using that source to complete the order. Sometimes a client has a small project and doesn`t want to wait to get these components from a syringe or an organic company, which can sometimes take months. We also filled some orders by receiving delivery from one customer, materials from our own inventory, and then the rest from another supplier. In these cases, it is important to focus on quality and timing, even if they are multiple sources. Information Request (RFI) A document used to collect information about suppliers and their capabilities prior to a formal procurement process Supplier Relationship Management (SRM) Process to identify all interactions with major suppliers and their management in a way that increases the value of the relationship to both parties, when a panel provider receives a particular contract through a secondary procurement process , the Agency is not obligated to publish a call for tenders. ContractA legally enforceable written or oral agreement between two or more competent parties that define a contract or service to be executedThe standards to which a potential supplier must meetThe request is entrusted to a supplier or a principal or secondary contractor when it is important to have a source of protection or when it is considered that a single supplier cannot effectively handle the volume of business generated by the market.