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TUTORIAL 3 : PURCHASING AND SUPPLY OBJECTIVES (Right of purchasing…
TUTORIAL 3 : PURCHASING AND SUPPLY OBJECTIVES
Supply Chain Umbrella
A large set of activities besides purchasing is part of supply chain management each of these seemingly diverse activities has one important features in common. it is part of a network that will define how efficiently and effectively goods and information flow across a supply chain.
Supply Chain
a network between a company and its supplier to produce and distribute a specific product and the supply chain represent the step it takes to get the product or service to the customer
Supply Chain Management
A crucial process, because an optimized supply chain results in lower cost and faster production cycle
Inbound Logistics
Refers to the transport, storage and delivery of goods coming into business
Outbound Logistics
Refers to the same goods going out of the business
Right of purchasing
getting the right quality
at the right time
at the right quantity
for the right price
from the right source
Purchasing Objectives
develop supply base management
develop alligned goals with internal stakeholders
manage the sourcing process affectively
develop integrated purchasing strategies that support organizational goals and objectives
supply cotinuity
Supply Chain Objective
improve standardization
minimize total cost system
improve customers satisfaction