7ENT1069 Procurement and Supply Chain Management
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Procurement, as per the course 7ENT1069 Procurement and Supply Chain Management, is the process of getting the goods an organization requires; on the other hand, supply chain management is the extensive infrastructure needed to get you those goods. The supply chain is the all process, whereas procurement is a part of it. Once the organization has possession of the goods, procurement stops.
Many steps are involved in a supply chain as per the course 7ENT1069 Procurement, and Supply Chain Management, and one of the most important steps in the procurement process. By selecting the right suppliers and negotiating the best contracts, one will optimize the procurement process and the supply chain. And the same will result in lower costs and a faster production cycle.
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