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Supplies Management Notes

Institution: college/university

Course: Procurement/Supply Chain Management

Content Category: Lecture Notes

Posted By: PENTAMRK

Document Type: DOC

Number of Pages: 86

Price: KES 200
 
    

Views: 442     Downloads: 3

Summary

SUPPLIES MANAGEMENT
Supplies management is the identification, acquisition, access, positioning and management of resources the organization needs or potentially needs in the attainment of its strategic objectives.
Importance/objectives of Supplies management
? effectively allocate resources
? gather information to be used in strategic business decisions
? control costs
Components of supply management
The scope of supply management is integration across the following components
? Disposition/investment recovery;- disposition is the act of moving goods out of ones internal organization to another organization. Investment recovery refers to managing the material/equipment in a manner that recovers as much of the original capital investment as possible
? Distribution;- refers to the process by which commodities move to the final customers, including return of goods. Distribution activities include storing, transacting, packaging, shipping etc.
? Inventory control;-this is the management of inventories ie decisions about which items to stock at each location, how much stock to keep on hand at various levels of operations etc
? Logistics;- this is the process of planning, implementing and controlling the efficient and cost-effective flow of materials
? Materials management
? Packaging
? Procurement and purchasing
? Transportation/traffic/shipping
? Warehousing/storage
...................


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