The use of the concepts of purchasing, procurement, supply, and supply chain management will vary from organization to organization depending on: The organization’s stage of development and/or sophistication The industry in which it operates The organization’s competitive position The organization’s stage of development and/or sophistication, the industry in which it operates, and the organization’s competitive position The organization’s stage of development and/or sophistication, and the industry in which it operates
SLO 5.1. The use of the concepts of purchasing, procurement, supply, and supply chain management will vary from organization to organization depending on:
| The organization’s stage of development and/or sophistication The industry in which it operates The organization’s competitive position The organization’s stage of development and/or sophistication, the industry in which it operates, and the organization’s competitive position The organization’s stage of development and/or sophistication, and the industry in which it operates |
NEWSLO 5.2. Purchasing, supply management, and procurement are used interchangeably to refer to the:
| Integration of related functions to provide effective and efficient materials and services to the organization Tracing of a product or service through its various moves and transformations, and identifying the costs added at each successive stage A systems approach to managing the entire flow of information, materials, and services from raw materials suppliers through factories and warehouses to the end customer Planning, implementation, and control of the efficient, effective forward and reverse flow and storage of goods, services, and information between the points of origin and consumption to meet customers’ requirements Communication, coordination, and control needed to avoid the potential conflicts between the physical distri |
Ans. Introduction
Various organizations complete the functions of purchasing, procurement and supply contrastingly and these really rely on how they work. For instance supply chain in an assembling organization, it will deliver things that will be stored in warehouses and other locations, making the supply chain more complicated, on the other hand assuming that it's a Specialist co-op organization which uses a specially make plan of action, there will be no requirement for storing completed items, Therefore, obviously supply chains including procurement , purchasing and supply rely upon the idea of the organization.
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