Glossary of Key Purchasing and Supply Terms Term of the Day:
FAIR MARKET VALUE
The value of an item as determined by negotiation between purchasers and suppliers, which is acceptable as a basis for a purchase and sale.
The National Association of Purchasing Management has become the Institute for Supply Management™. Please be aware that NAPM.org is now ISM.ws.
Company:
Bayer Corporate & Business Services
Description:
Bayer Corporate and Business Services offers the following procurement-related services and products:
- Strategic Sourcing & Negotiation Management Process Training
- Procurement Consulting Services
o Strategic Sourcing
o E-Procurement
o Professional Services
- Cost Reduction Tracking System
Our skilled procurement professionals have provided these internally developed services/products to Bayer’s operating business groups, on a global basis, with significant results.
Bayer’s know-how and experience enable all of our clients to decrease sourcing time, expedite delivery of results, build a sustainable knowledge base, track cost reductions and ensure the highest probability for substantial cost reductions.
Categories:
Consulting Services
e-Procurement Services
Services (Other)
Spend Management
Training
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