CHAPTER 2 (Purchasing & supply in the business environment (Macro…
Purchasing & supply in the business environment
culture and image
functions of the business
Difference between internal and external
“internal” business environment refers to internal factors and resources that affect the running of the business. This primarily includes the workforce. The employees play a vital role in affecting the company’s performance
these factors may not have an immediate direct effect on your business, but they will play a role in shaping your business with time. For instance, if your country faces economic hardships, your business may not do so well.
Supply chain and Purchasing
Supply chain umbrella
receiving, materials handling and storage
material or inventory control
production planning, scheduling and controlling
five rights of purchasing
at the 'right' time
for the 'right' price
in the 'right' quantity
from the 'right' source
getting the 'right' quality
different between inbound logistic and outbound logistic
Outbound logistics refers to the same for goods going out of a business.
Inbound logistics refers to the transport, storage and delivery of goods coming into a business.
supply chain is same with supply chain management