Thursday, 27 August 2015

Cima E1 Exam Question No 28

Question No 28:

Difference between Purchasing Supply?

Purchasing:

  •  Concentrates on the day to day buying of goods
  •  Emphasis is on the price, quality and accurate delivery of goods
  •  May be viewed as an out of date approach to supply chain management.

Supply:

  •  A more modern approach dealing with important issues beyond the day to day including:
  •  Planning and implementing a supply strategy
  •  Managing the overall supply process
  •  Considering the appropriateness of outsourcing arrangements
  •  Investigating whether strategic partnerships could be developed
  •  The number of suppliers it should use.

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