Supply Management - What s The Benefit?
Supply Management - What is the benefit?
The fundamentals of supply management are applicable to all
organizations.
Through proper alignment and synchronization,
businesses of any size can be assured of receiving the...
More
Supply Management - What s The Benefit?
Supply Management - What is the benefit?
The fundamentals of supply management are applicable to all
organizations.
Through proper alignment and synchronization,
businesses of any size can be assured of receiving the best value
in their supply management practices.
By implementing simple
strategies, companies can achieve significant cost savings that
improve profitability.
Supply management seems complex to most people who may not realize supply chain
management is a part of our business and personal lives every day.
Supply
management is the process of managing fourteen functional areas to increase value
for the customer and improve profitability.
The Institute of Supply Management states
the fourteen areas include the following: purchasing, sourcing, logistics, quality
management, inventory control, material management, transportation, disposal
(recycling), warehousing (storage), distribution, receiving, packaging, product/service
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