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Discuss the link between procurement, sourcing, suppliers, and production strategies in supply chains

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  1. Definitions
  2. Links between activities
    1. Link between purchasing and procurement
    2. Link between purchasing and sourcing strategy
    3. Link between sourcing and procurement
    4. Link between e-sourcing and e-procurement
    5. Link between procurement and purchasing
  3. Strategies
    1. Improve supplier collaboration and development
    2. Globalisation/ Delocalisation
    3. Increase amount of spend under management while improving spend compliance
    4. Leverage Logistics through channel integration and inventory
  4. Findings
  5. Conclusion

The mission of supply chain management is to have processes integrated between the functions of the firm. Consequently, procurement, production, distribution, and marketing are members of a network. The vision of the supply chain management is to deliver value to customers. Moreover, the performance objectives are quality, speed, dependability, flexibility, and cost objectives. The objective of the report is to analyse the strategies a company needs to reach the objectives required at the inbound level to remain competitive. At first, to delimit boundaries, definitions of the main concepts are given, then several strategies are deeply analysed to manage link procurement, sources, suppliers and production strategies.

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