Purchasing and Supply Chain Management Study Guide Questions with Answers 2024.

Purchasing and Supply Chain Management Study Guide Questions with Answers 2024. Evidence of the growth and influence of supply management in an organization includes more involvement in strategic planning and mergers and acquisitions. Company image may be directly influenced by: - treating suppliers in a fair and equitable manner. - complying with regulatory requirements. - labor, environmental, and ethical practices of suppliers. The use of the concepts of purchasing, procurement, supply, and supply chain management will vary from organization to organization depending on: - the organization's stage of development and/or sophistication. - the industry in which they operate. - the organization's competitive position. The design and management of seamless, value-added processes across organizational boundaries to meet the real needs of the end customer is called: supply chain management.