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Supply Chain and Logistics Management Made Easy: Methods and Applications for Planning, Operations, Integration, Control and Improvement, and Network Design by Paul Myerson

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6. Procurement in the Supply Chain

Acquiring materials is the next logical step after the planning process is complete because it is the net result of the planning process just described, whether for raw materials and components for manufacturing or finished goods for wholesalers, distributors, or retailers.

Because purchased materials, components, and services make up a great deal of the supply chain spend for most organizations, resulting in the leverage effect discussed in the first chapter, it is a very visible and important component of supply chain management.

Due to the visibility and general rise in awareness of the importance of supply chain management (SCM) in general, there are many career opportunities in procurement, from the assistant ...

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