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Subjects>Business>Management

What is the relationship between supply chain management and procurement?

Anonymous

∙ 12y ago

Updated: 9/28/2023

supply cahin starts from the requisitining stage procurement and distribution to the end user, while procurement is the aquisition of goods and services

Wiki User

∙ 12y ago

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Continue Learning about Management

What are the parts of supply chain management?

1. Planning 2. Procurement 3. Logistic

What is the relationship between supply chain management and operation management?

operations management focuses on on quality dimensions which require knowldge of operations management

Diffenrences between supply management and supply chain management?

Supply management are the methods of modern corporate or institutional buying. Supply chain management is the management of the flow of goods, including raw materials, inventory and finished goods.

What is Procurement and Logistics management?

Procurement logistics management is the most important part of Supply Chain Management. It helps to manage all the activities related to supply chain management. Logistics management plans, implements, and controls the efficient, effective forward, and reverse flow and storage of goods, services.

What is the purpose of supply chain management?

The purpose of supply chain management is interconnected between the provision of products and services in what businesses call a supply chain. It can, for example, exist between businesses or business networks.

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