Question: Specific Learning Outcomes: 1 . Explain the purchasing, procurement, and sourcing and the similarities and differences among them. 2 . Explain supply management and supply
Specific Learning Outcomes: Explain the purchasing, procurement, and sourcing and the similarities and differences among them.
Explain supply management and supply chain management
Explain value chain
Differentiate between supply chain and value chain.
Discuss the objectives of purchasing and supply management
Discuss the importance of the purchasing and supply function for organisations.
Explain the role of purchasing in business management
Explain what planning, organising, coordinating and controlling in purchasing and supply management entail.
Discuss the objectives and basic principles of performance evaluation.
Discuss the difficulties relating to the performance and evaluation of the purchasing and supply function.
Identify the steps in the process of evaluating the purchasing and supply function
Explain how changes in the business affect business strategy and the supply strategies of organisations.
Explain the role and importance of the purchasing and supply function in business.
Explain the most important tasks and responsibilities related to the purchasing and supply function.
Explain what decisionmaking in purchasing entails.
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