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Irrespective of the type of the organisation, the basic material related functions performed at the organisation?
written 8.0 years ago by gravatar for teamques10 teamques10 ★ 69k •   modified 4.1 years ago
supply chain management
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written 8.0 years ago by gravatar for teamques10 teamques10 ★ 69k

  1. Purchasing

  2. Inbound traffic from suppliers to company

  3. Receiving

  4. Inventory Control

  5. Production control

  6. In plant storage

  7. Material handling

  8. Packaging and shipping

  9. Outbound traffic

  10. Warehousing and distribution.

Principle methods of buying are:

  1. Purchasing by requirement (Hand to mouth buying).
  2. Purchasing for a specified future period.
  3. Market purchasing.
  4. Speculative buying.
  5. Contract buying.
  6. Group purchasing of small items.
  7. Forward buying.
  8. Hedging.
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