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PURCHASING AND SUPPLY OBJECTIVE (5 RIGHT OF PURCHASING (Right Place, Right…
PURCHASING AND SUPPLY OBJECTIVE
SUPPLY OBJECTIVE
Add value customers and stakeholders
Improve customer service
Use system wide resources effectively
Leverage partner strength
PURCHASING OBJECTIVE
Keep inventories as low as its consistent with maintain the production
To gain satisfaction from source of supply and maintain a good relationship with them
Locate new materials and products as required
To secure good vendor performance
WHAT IS SUPPLY CHAIN UMBRELLA?
1)inbound Transportation
2)Receiving, material Handling and
Storage
3)Order Processing
4) Material or Inventory Control
5)Production Planning, Schedulling and
control
6) Shipping/Warehousing or Distribution
7)Outbound Trnsportation*
A network between a
company and its supplier to produce and
distribute a specific product.
Supply
management
is the
involves coordinating and
integrating these flows both
within and among
companies.
DIFFERENCE BETWEEN INBOUND AND OUTBOUND
Inbound logistics refers to the transport, storage
and delivery of goods coming into a business while
Outbound logistics refers to the same for goods
going out of a business. Inbound and outbound
logistics combine within the field of supply-chain
management, as managers seek to maximize the
reliability and efficiency of distribution networks while
minimizing transport and storage costs.
Understanding the differences and correlation
between inbound and outbound logistics can provide
insight for developing a comprehensive supply-chain
management strategy.
5 RIGHT OF PURCHASING
Right Place
Right Quality
Right Quantity
Right Time
Right Source