What Is Supply Management?
We have all heard the buzzwords supply management, supply chain management, value chain management, just-in-time, kaizen, lean, and so on. But what is supply management really? I define it as a system or process that supports an organization’s total needs for the supply of goods, services, and processes required to accomplish the goals and tasks established by the organization. It is the optimization of material costs, transportation, handling, quality, reliability, and service ...