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Procurement In Supply Chain Essay

869 Words4 Pages

MODULE 2
Procurement
Module Description
The goal of this module is to illustrate the role of procurement process in a supply chain. This module starts with elaborating the basic concepts of procurement management. It explains the various procurement strategies. Moreover, it highlights the role of sourcing in supply chain management and its benefits.
This module gives an overview of supplier management. It illustrates the supplier selection process. Subsequently, it explains the supplier selection mechanisms such as auctions and negotiations.
Next, this module explains the various functions of warehousing. Also, it illustrates the various types of warehousing. Finally, this module demonstrates the safety measures followed in warehouse management.
By the end of this module, students will be able to explain the role of procurement in supply chain as well as the various procurement strategies. Furthermore, they will be …show more content…

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