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PURCHASING AND SUPPLY CHAIN OBJECTIVES (-to look for sources of revenue…
PURCHASING AND SUPPLY CHAIN OBJECTIVES 
A functional group where is formal entity on the organization chart as well as a function activity which is related to buying goods and services.
OBJECTIVES
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avoidance of duplication, waste and obsolenscence
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SUPPLY CHAIN MANAGEMENT
Consists of all parties including manufacturer, marketer, suppliers, transporters, warehouses, retailers directly or indirectly involved in fulfillment of a customer
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-To maximize overall value generated
-the higher the supply chain profitability, the more successful is the supply chain
profitability - difference between the amount paid by cnsumers to purchase a product and the cost incurred by organization to produce and supply the product to the customer at the right time.
-to look for sources of revenue and cost
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maintain company's reputation
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avoidance of duplication,waste & obsolenscence
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