Which three of the following are components of supply chain management systems?
The 5 Components of Supply Chain Management
- Procurement is the purchasing of goods and services to meet the needs of the supply chain. - Logistics includes the processes that control the distribution, maintenance, and replacement of materials and personnel to support the supply chain.
What consists of all parties involved directly or indirectly in obtaining raw materials or a product?
THE SUPPLY CHAIN DEFINED “A supply chain consists of all parties involved, directly or indirectly, in fulfilling a customer request. The supply chain not only includes the manufacturer and suppliers, but also transporters, warehouses, retailers, and customers themselves.16-Aug-2018
Outbound logistics acquires raw materials and resources and distributes them to manufacturing as required.
What are the four 4 main elements of a supply chain?
Integration, operations, purchasing and distribution are the four elements of the supply chain that work together to establish a path to competition that is both cost-effective and competitive.07-Dec-2021
Procurement is the process of purchasing goods or services and is usually in reference to business spending. Business procurement requires preparation, solicitation, and payment processing, which usually involves several areas of a company.
What is the purchasing of goods and services to meet the needs of a supply chain?
Procurement
Procurement is the purchase of merchandise or services at the best price, quantity and quality. Strategic sourcing is an institutional procurement process that continuously improves and re-evaluates the purchasing activities of a company. Tap the card to flip