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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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