What
PROCUREMENT VS SUPPLY CHAIN MANAGEMENT
SCM
What
is Supply Chain Management ? Definition and Introduction
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Organisations are in the business of selling either a product or service to a client and must align a myriad of resources to deliver what they are selling as promised . Your supplier , your supplier ’ s suppliers , and even their suppliers , all the way down the vain chain , are part of your supply chain ( this is referred to as supplier tiers , i . e ., tier 1 , tier 2 , etc .) Your logistics providers who ship your product or the items you require to produce the service you provide are also part of your supply chain .
And all must align , both in objectives and synchronisation of actions , so you can satisfy your customer and reach your goals . Without robust supply chain management , often what is seen is this — demand and priorities shift faster than supply chains are built to endure causing misalignment , both internally between departments and throughout each of the nodes in your supply chain . This misalignment comes at a great cost with profits and brand reputation taking the hits .
PROCUREMENT VS SUPPLY CHAIN MANAGEMENT
Supply chain management is , in fact ,
FEBRUARY 2021