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Supply Management Notes

Institution: Suites any college and university

Course: Diploma in Human Resource Management Management/supply chain management/sales and marketing/business administration/Supply and transport management

Content Category: Class Notes

Posted By: 07998365xx

Document Type: PDF

Number of Pages: 36

Price: KES 160
 
    

Views: 678     Downloads: 3

Summary

Download KNEC PDF notes that you can print. The notes are well written in summary to ease your revision for the KNEC exams.
Suitable for students persuing the diploma courses.

TOPIC 1
INTRODUCTION TO SUPPLY MANAGEMENT
SCOPE OF SUPPLY MANAGEMENT
– Supply management: This is a process responsible for the development and management of a
firm’s total internal and external supply system.
The specific activities include:
I. Early purchase involvement (EPI) and early supplier involvement (ESI) in product design and
subsequent specifications development for important items through the use of cross-functional
teams
II. Conduct of all purchasing function and procurement process activities
III. Heavy use of cross-functional teams in supplier qualification and selection
IV. Heavy use of purchasing partnering arrangement and strategic alliances with suppliers-to
develop close and mutually beneficial linkages with key suppliers in the value chain and control
quality and costs
V. Continuous identification of threats and opportunities in a firm’s supply environment
VI. Development of strategic , long term acquisition plans for all major materials
VII. The monitoring of continuous improvement in the supply chain
VIII.Active participation in the corporate strategic planning process
? Its prudent to note that supply management concept represents the most advanced stage in the
evolutionary development of purchasing/procurement.
Objectives of supply chain management:
i. Enhancing Customer Service/satisfaction
ii. Expanding Sales Revenue
iii. Reducing Inventory Cost
iv. Improving On-Time Delivery
v. Improving quality
vi. Reducing Lead Time
vii. Reducing Transportation Cost
viii. Reducing Warehouse Cost
ix. Reducing / Rationalize Supplier Base
x. Expanding Width / Depth of Distribution.
.................


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