sc3prelim

The backbone of trade by getting goods delivered quickly on ordering

• Logistics or supply chain

• Inventory control

• Procurement

what are the major components of logistics management

• Procurement

  Material handling

  -          Packaging

  -          Transportation

• inventory control

  procurement

  packaging

  transformation

• procurement

  purchasing

  sourcing

  inventory control

Modem information technology has created new possibilities for more sophisticated and efficient control of supply chains.

• true

• false

• maybe

The processes employed to maximise a company’s use of inventory.

• inventory control

• procurement

• inventory management

It is the process of identifying and obtaining goods and services. It includes sourcing, purchasing and covers all activities from identifying potential suppliers through to delivery from supplier to the users or beneficiary.

• inventory management

• purchasing

• procurement

It is the specific function associated with the actual buying of goods and services from suppliers.

• Purchasing

• sourcing

• procurement

It is simply identifying and working with appropriate suppliers.

• sourcing

• procurement

• purchasing

are two processes that are done during the process of acquiring goods and services for an organisation.

• procurement and purchasing

• purchasing and sourcing

• procurement and sourcing

is a strategic process of product or service sourcing, for example researching, negotiation and planning.

• procurement

• purchasing

• sourcing

The aim of procurement is to primarily have a reliable supply of materials.

• true

• false

• maybe