COMPETITIVE ADVANTAGE ; PURCHASING VS PROCUREMENT
OPTIMISING CUSTOMER SERVICE
SCM
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COMPETITIVE ADVANTAGE ; PURCHASING VS PROCUREMENT
Again , let ’ s begin by clarifying . Purchasing- Transactional purchasing , much like grocery shopping , concerning itself with a one time purchase with little to no long term strategy , inventory management , supplier relationship or supply chain management .
Procurement- Purchasing + inventory management + supplier relationship and vendor performance management + supply chain management .
The key to unlocking competitive advantages lies in nurturing supplier relationships , vendor performance , and supply chain management . This is where the gravy is . Strategic procurement ensures you get the most out of your volumes and your suppliers .
Long-term planning , effective procurement strategies and strong relationship management efforts allow you to leverage your volumes and gain your supplier ’ s trust , and more importantly , their efforts , bringing you both cost and market advantages . While gaining lower-tier visibility and
implementing risk management action plans mitigates your organisational risk — all part of healthy supply chain management .
OPTIMISING CUSTOMER SERVICE
“ Teamwork . Coming together is the beginning . Keeping together is progress . Working together is success .” Nowhere is this overused and perhaps cheesy saying more suited than supply chain management . SCM keeps your end-to-end value chain working together , so you can get to
FEBRUARY 2021