Purchasing is the management of the acquisition process

Purchasing is the management of the acquisition process

ROLE OF PURCHASING IN EFFECTIVE SUPPLY CHAINS

Purchasing is the management of the acquisition process. This includes deciding which suppliers to use, negotiating terms and conditions, etc. It must satisfy the firm’s long-term needs and support the firm’s capabilities to produce goods and services. Elaborate on the purchasing function as part of supply chain management and its importance.

ROLE OF DISTRIBUTION IN EFFECTIVE SUPPLY CHAINS

Distribution is the management of the flow of material/products from manufacturers to customers. Please elaborate the distribution function as part of supply chain management and its importance.

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Effective supply chain management depends on the purchasing function of the organization. Purchasing function as part of the supply chain management plays important roles in the productivity of the organization. For instance, the organization’s purchasing department plays a critical role in strategic sourcing of the organization’s key resources including materials, goods, services, and other supplies……………………….