Please enable JavaScript.
Coggle requires JavaScript to display documents.
PURCHASING AND SUPPLY CHAIN OBJECTIVE ((4) WHAT ARE THE 5 RIGHT OF THE…
PURCHASING AND SUPPLY CHAIN OBJECTIVE
(1) WHAT IS THE 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 CH
EXPLANATION
UNDER SUPPLY CHAIN UMBRELLA , THERE ARE INBOUND TRANSPORTATION THAT ARRIVING AT HE COMPANY
RECEIVING ND HANDLING THE STORAGE OF HE MATERIAL
MATERIAL AND INVENTORY CONTROL
HOW THE SUPPLY ORDERS ARE PROCESSED
PRODUCTION PLANNING , SCHEDULING AND CONTROL
OUTBOUND TRANSPORTATION AND DELIVER TO THE END CUSTOMER
(2) IS THE SUPPLY CHAIN DIFFERENT FROM SUPPLY MANAGEMENT
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 services to the customer
SUPPLY MANAGEMENT - a crucial process, because an optimized supply chain results in lower cost and faster production cycle
(3) EXPLAIN THE DIFFERENT BETWEEN INBOUND AND OUTBOUND OF TRANSPORTATION IN SUPPLY CHAIN UMBRELLA
OUTBOUND - refer to the same goods going out of the business
INBOUND - refers to the transport , storage and delivery of goods coming into business. :
(4) WHAT ARE THE 5 RIGHT OF THE PURCHASING
RIGHT QUANTITY- the product same as customers wants
RIGHT QUANTITY - how many items that customers want for the product
RIGHT TIME - a good must come to the customer before or on the date promised
RIGHT PRICE - price agreed by the business and the customer
RIGHT SOURCE - the place that the goods will be sent
(5)EXPLAIN THE PURCHASING AND SUPPLY OBJECTIVES
PURCHASING OBJECTIVE
SUPPLY CONTINUITY
MANAGE THE SOURCING PROCESS EFFECTIVELY
DEVELOP SUPPLY BASE MANAGEMENT
DEVELOP ALIGNED GOALS WITH INTERNAL STAKEHOLDER
DEVELOP INTEGRATED PURCHASING STRATEGIES THAT SUPPORT ORGANIZATIONAL GOALS AND OBJECTIVES
SUPPLY OBJECTIVES
IMPROVE CUSTOMERS SATISFACTION
IMPROVES STANDARDIZATION
MINIMIZE TOTAL COST SYSTEM