Purchasing and supply chain management monczka pdf download
Understanding integrated global sourcing | Emerald InsightIn commerce , supply-chain management SCM , the management of the flow of goods and services,  involves the movement and storage of raw materials , of work-in-process inventory , and of finished goods from point of origin to point of consumption. Interconnected, interrelated or interlinked networks, channels and node businesses combine in the provision of products and services required by end customers in a supply chain. An example of these conflicts is the interrelation between the sale department desiring to have higher inventory levels to fulfill demands and the warehouse for which lower inventories are desired to reduce holding costs. In , Keith Oliver , a consultant at Booz Allen Hamilton introduced the term "supply chain management" to the public domain in an interview for the Financial Times. In the mids, more than a decade later, the term "supply chain management" gained currency when a flurry of articles and books came out on the subject.
Purchasing and Supply Chain Management
The ability to satisfy customer demands while responding to relentless competitive pressure requires creative and often complex approaches to managing a firm's supply chain. Perhaps more than any other area, executive managers increasingly believe that a concept called globalization offers the best opportunity to achieve major performance gains. One area where many companies can begin to capture the benefits of globalization is global sourcing, which involves the worldwide integration of engineering, operations, and procurement centers within the upstream portion of a firm's supply chain. Unfortunately, capturing the benefits potentially offered by globalization is often limited by a lack of understanding concerning how to pursue this important topic. Trent, R. Please share your general feedback.