Question: Explain what the procurement function comprises and review the important role played by both risk and value. Explain and differentiate the various LSCM costing approaches

Explain what the procurement function comprises and review the important role played by both risk and value.

Explain and differentiate the various LSCM costing approaches and concepts.

Examine how data flows through the supply chain

Identify technologies that enable data sharing

Show how new digital technologies can improve LSCM

Consider the future of supply chains in the context of increased connectivity and automation

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