Forward Commitment Procurement - SCM Portal - Demand & Supply Chain Glossary -

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... Change Management	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...

Acknowledgement

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...

Customer Loyalty and Supply Chain Management: Business-to-Business Customer Loyalty Analysis

International Agenda