8. Abbreviations and acronyms

ERP: Enterprise Resources Planning

CSR: corporate social responsibility

LCC: Low Cost Countries

PSP: Procurement Service Providers

BPO: Business Procurement Outsourcing

DTC: Design To Cost

DTX: Design To X = deadlines, quality, innovation, risks

BRIC: Brazil, Russia, India and China

BCC: Best Cost Countries

IPO: International Purchasing Offices

SWOT: Strengths / Weaknesses / Opportunities / Threats

P2P: Purchase to Pay

RFX : RFI – Request For Information, RFP – RF Proposals, RFQ – RF Quotations

SRM: Supplier Relationship Management

CRM: Customer...