Procurement Supply Chain Definition

The term “procurement supply chain” refers to the network of organizations that are involved in the process of acquiring and managing supplies and services. The procurement supply chain includes suppliers, manufacturers, distributors, and retailers.

The main goal of the procurement supply chain is to ensure that goods and services are delivered to customers in a timely and efficient manner. To achieve this, procurement supply chain managers must carefully plan and manage the flow of goods and services from suppliers to customers.

Effective procurement supply chain management can help organizations save money and improve customer satisfaction. Inefficient procurement supply chains can lead to high costs, delays, and frustrated customers.