Procurement Management within the Supply Chain Context

This week’s topics

Procurement Management within the Supply Chain Context

1. Boundaries of procurement management versus supply chain management
2. Cross-functional alignment
3. Integrating purchasing with inbound freight
4. Supplier relationship management (SRM)
5. CIMA E1 Management of Relationships Within the Supply Chain
6. Key Principles of Supplier Relationship Management
7. #15 Procurement in Organizations | Part 2 | Strategic Sourcing

What you will be able to do

• 2.2 Differentiate between procurement management and supply chain management.
• 2.3 Illustrate how a business incorporates procurement into its logistics and supply chain operations.

Activity

Start with this week’s 3 videos, then: Seminar, guided reading and a short written task: differentiate between procurement management and supply chain management.

Study materials

Videos

• CIMA E1 Management of Relationships Within the Supply Chain · YouTube · OpenTuition · 39 min · for registered students
• Key Principles of Supplier Relationship Management · YouTube · Procurement Tactics · 8 min · for registered students

Further resources

• Procurement in the Supply Chain World, ch.: Introduction to Procurement · Reading · Other, textbook chapter; PDF pp. 13–24 · for registered students
• Procurement in the Supply Chain World, ch.: Managing Suppliers · Reading · Other, textbook chapter; PDF pp. 60–83 · for registered students
• Introduction to Business 2e, ch. 10.4: Resource planning – purchasing and suppliers · PDF · OpenStax, textbook chapter; pp. 337–341 · for registered students