STRATAGEGIC SOURCING MANAGEMENT
MNP3701
100
, Short
overview
, Study unit one
• Strategic purchasing : is the process of planning implementing
evaluating and controlling strategic and operating decisions for directing
all activities of the purchasing function towards opportunities consistent
with the firms capabilities to achieve its long term goals
•Supply management: is like a management function…is the
identification, acquisition, access, positioning and management of
resources and related capabilities and organization needs or potentially
needs in the attainment of its strategic objectives.
•Supply chain management: encompasses the planning and
management of all activities involved in sourcing and procurement,
conversion, and all logistics management activities. It includes
coordination and collaboration with channel partners, which can be
suppliers, intermediaries, third-party services providers and customers.
, Purchasing: is the systematic process of deciding what, when
and how much to purchase, the act of purchasing it and the
process ensuring that what is required is received on time in the
quantity and quality specified.
Value chain: Interlinked value-adding activities that convert
inputs into outputs which, in turn, add to the bottom line and help
create competitive advantage. A value chain typically consists
of inbound distribution or logistics, manufacturing operations,
outbound distribution or logistics, marketing and selling and after-
sales services. These activities are supported by purchasing or
procurement, research and development, human resource
development and corporate infrastructure.
MNP3701
100
, Short
overview
, Study unit one
• Strategic purchasing : is the process of planning implementing
evaluating and controlling strategic and operating decisions for directing
all activities of the purchasing function towards opportunities consistent
with the firms capabilities to achieve its long term goals
•Supply management: is like a management function…is the
identification, acquisition, access, positioning and management of
resources and related capabilities and organization needs or potentially
needs in the attainment of its strategic objectives.
•Supply chain management: encompasses the planning and
management of all activities involved in sourcing and procurement,
conversion, and all logistics management activities. It includes
coordination and collaboration with channel partners, which can be
suppliers, intermediaries, third-party services providers and customers.
, Purchasing: is the systematic process of deciding what, when
and how much to purchase, the act of purchasing it and the
process ensuring that what is required is received on time in the
quantity and quality specified.
Value chain: Interlinked value-adding activities that convert
inputs into outputs which, in turn, add to the bottom line and help
create competitive advantage. A value chain typically consists
of inbound distribution or logistics, manufacturing operations,
outbound distribution or logistics, marketing and selling and after-
sales services. These activities are supported by purchasing or
procurement, research and development, human resource
development and corporate infrastructure.
