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Supply chain management - What are the activities of supply chain management

6 important questions on Supply chain management - What are the activities of supply chain management

What term is used to describe the use of electronic methodes in every stage of the purchasing process from identification of requirement through to payment, and potentially to contract management.

e-procurement

What advantages offers e-procurement?

- ● Convenient and efficient electronic ordering – in other words, it’s easier to buy from them.
- ● Shorter requisition and fulfilment cycles – in other words, it’s faster to buy from them.
- ● Centralized spending controls – in other words, it’s easier to keep track of what you are
  buying from them.
- ● Standardized global IT catalogue – in other words, it’s less confusing to buy from them,
  because you can cut out things that you are not interested in buying

Name the four question about whether e-procurement will be appropriate.

1) Is the value of the spend high or low
2) is the product or commodity highly substitutable or not?
3) is there a lot of competition or a little
4) how efficient are your internal processes.

What is global sourcing?

Global sourcing is the process of identifying, evaluating, negotiating and configuring supply across multiple geographies.

What are the six inter-related activities for logistics, physical distribution management, distribution?

1) transportation
2) storage
3) warehousing
4)materials handeling
5) security
6) order processing and communication

What are the two major effect on physical distribution management because of the internet communication potentials?

1) to make information more available readily along the distribution chain
2) distribution to customers requires smaller deliveries instead of large batches going from warehouse to customers