Describe and discuss the differences and relationships between purchasing, procurement, and strategic sourcing. How have these concepts evolved?
Answer to relevant QuestionsDiscuss the advantages and disadvantages of using e-commerce in the procurement process. A key part of the procurement process is the selection of suppliers. What criteria are commonly used in this selection process? Which criteria should be given the highest priority? Why? Compare and contrast push-based production strategies with pull-based production strategies. What are the primary capabilities, advantages, and disadvantages of each? Compare and contrast reverse logistics systems and closed loop supply chains and give examples of each. To what extent is collaboration a necessary condition for supply chain success? What do you consider to be some of the more important elements of supply chain collaboration?
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