SCM CH3

Effective supply chain management relies on high levels of

four elements of supply chain management

Purchasing is a key business function that is responsible for acquisition of the required materials

• Supply Elements

• Operation Elements

• Logistic Elements

• Integration Element

identification, acquisition, access, positioning and management of resources an organization needs or potentially needs in the attainment of its strategic objectives.”

• supply management

• Demand management

• Inventory management

• Process management

inventory control and management, supplier management and other activities. However, purchasing remains the

The Role of Supply Management in an Organization

The manual purchasing system is?

allows users to submit their purchase requisitions to the purchasing department electronically and enables buyers to transmit purchase orders to suppliers over the Internet, fax or mail

• The

  e-procurement system

• Resource planning

• process management

Advantages of the e-Procurement System are?

the term outsourcing originally referred to