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Models (SC / sourcing / procurement / costs)

A supply chain is a complex and dynamic network of organisations, people, information, processes and resources involved in moving a product or service from supplier to customer. Supply chain activities include the production, handling and distribution of materials and finished products or providing a service to the customer.

Procurement or sourcing seeks to find, evaluate and engage suppliers to achieve cost savings and best value for goods and services which can be done through a tender process. Factors such as reliability, quality, flexibility and capacity are considered in the tendering process alongside price.

Key Procurement Topics

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UK manufacturing boosted by near survey-record growth of new export orders

Date: Tuesday, August 01, 2017

The rate of improvement in UK manufacturing operating conditions accelerated for the first time in three months at the start of the third quarter.

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101 Models of Procurement and Supply Chain Management

101 Models of Procurement and Supply Chain Management

Paul Jackson, Barry Crocker, Ray Carter

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Related concepts

Reverse Supply Chain / Reverse Logistics

... [A] well-managed reverse logistics system allows the company to retain contact with customers and derive valuable feedback from them (O’Connell, 2007).

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Future Supply Chains

In our industry the competitor that's best at managing the supply chain is probably going be the most successful competitor over time. It's a condition of success...

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Centralised/Decentralised Procurement

It makes sense to think of purchasing authority on a continuum, with complete centralisation at one end and complete decentralisation at the other (Monczka et al.,...

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