eng
About   |   Newsletter
Demand & Supply Chain Management Evolution


Supply Chain Glossary

Glossary  >  F  >  Forward Commitment Procurement  


 

Forward Commitment Procurement


Source: Procurement Glossary
Author: Paul Rogers
Institute: CIPS - UK

Courtesy of


 

Forward commitment procurement is an approach to ‘market making’ in which potential buyers of solutions that are not currently available on the market commit that, should solutions be developed which meet defined standards in terms of performance and price, they will buy the solutions.  As an example, the public sector can stimulate innovation in sustainable solutions by committing to purchase solutions that meet defined requirements.  Suppliers who might otherwise be reluctant to invest in the absence of clear market demand may enter the market and meet the latent demand.  See also Market Failure and Market Maker.

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




Job Opportunities
 
Sr. Demand / Supply Planner
     
     Milford MA  -  PERM  -  LifeWork Search

Lead Project Manager - Global Fulfillment and Logistics Solutions
     
     Beaverton, Oregon  -  PERM  -  Nike Inc.

Continuous Improvement Manager
     
     Saint Charles, Missouri  -  PERM  -  Nike Inc.

Site Procurement Lead, Philips Healthcare, (Colorado Springs,)
     
     Colorado Springs, Colorado  -  PERM  -  Philips

Director Procurement Engineering
     
     Monroeville, Pennsylvania  -  PERM  -  Philips

Showroom Logistics Coordinator
     
     Manhattan  -  PERM  -  Michael Page

Indirect Procurement Director
     
     Chicago  -  PERM  -  Michael Page

SHIPPING & RECEIVING COORDINATOR
     
     Saint Charles, Missouri  -  PERM  -  Nike Inc.

SC Contract Manufacturing Sr. Manager
     
     San Diego, California  -  PERM  -  Philips

Indirect Procurement Manager
     
     Lake Zurich  -  PERM  -  Michael Page

Director of Performance Measurement and Analysis - Global Sourcing
     
     Beaverton, Oregon  -  PERM  -  Nike Inc.

Director, Advanced Manufacturing Engineering , Philips Healthcare, (Plymouth, MN.)
     
     Plymouth, Minnesota  -  PERM  -  Philips

Global Sourcing Manager - Health and Beauty
     
     Boston  -  PERM  -  Michael Page

Operational Material Management Manager
     
     Bothell, Washington  -  PERM  -  Philips

Transition Manager (Shelby)
     
     Memphis, Tennessee  -  PERM  -  Nike Inc.



 
           Circular Economy     Industry 4.0     Blockchain 

     Internet of Things     Omni Channel 


Join us on


News & Trends
 

Last update 6 Mar 2019
PMI dips to 18-month low in February
   Source: Markit US Manufacturing PMI   -  IHS Markit
United States 


Fashion

Today’s omni-channel marketplace means competition is increasing, consumers are demanding more relevant products, inventory lifecycles are shorter and fulfillment is incredibly complex. Business conditions are constantly changing, which means you need the flexibility to adapt quickly and continu...


5 Things We Learned from Black Friday

Another Black Friday (and Cyber Monday) have come and gone. The holiday that once marked the beginning of holiday shopping and big crowds and lines in-store is changing the way we think about shopping and gifting at t...


Education
 
26
Mar
2019
Developing Excellence in Strategic Supply Management and Procurement
     Atlanta, GA

Local & Regional Agenda
 


Resources
 
MADEL: Roadmap to Industry 4.0: Planning & Scheduling in the personal & home care industry

Established in 1977 Madel Spa, is a leading Italian manufacturing company specialized in products for home & personal care. Madel’s mission is the capability to create high-quality and environmentally sustai...

Six theories about how 3D printing will change logistics

3D printing has been used by certain industries for some time now, and more sectors are following suit. One thing is for certain: The market share of additive manufacturing will continue to grow. This white paper puts...


International Agenda