CHAPTER 7
Sourcing and Supply Management
CRITICAL QUESTIONS
After going through this chapter, you will be able to answer the following questions:
- What is the importance of sourcing and supply management in operations management?
- What are the elements of a procurement process? What do you mean by “procurement lead time”?
- What are the traditional and current approaches to supply management? How are they different from one another?
- What are the steps involved in developing reliable vendors? How is vendor rating done?
- How can we assess the performance of the purchasing and supply management functions in an organization?
- How is the make-or-buy decision made?
- What do you understand by the term e-procurement?
Good sourcing and supply management ...
Get Operations Management, 3rd Edition now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
