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Supply Chain Methods

oboloo Glossary

Supply Chain Methods

Supply Chain Methods in procurement is the process of planning, implementing and controlling the efficient flow and storage of goods, services and related information from the point of origin to the point of consumption. It encompasses the entire supply chain of activities that ultimately deliver a good or service to an end customer. Supply Chain Management involves managing all aspects of the supply chain — including sourcing, supplier management, logistics, inventory management and risk mitigation — with a focus on creating efficiencies along the way and creating value for both suppliers and customers.

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