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What Is Supply Management In Srm ? |
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Answer» Supply management deals with the oversight and management of materials and services inputs, management of the suppliers, which provides vital inputs. The performance of supply management departments and PROFESSIONALS is measured in terms of amount of MONEY saved for the organization. However, MANAGING risk is ONE of the aspects of supply management; especially the risk of non-availability of quality goods and services important for an organization’s survival and growth. Supply management deals with the oversight and management of materials and services inputs, management of the suppliers, which provides vital inputs. The performance of supply management departments and professionals is measured in terms of amount of money saved for the organization. However, managing risk is one of the aspects of supply management; especially the risk of non-availability of quality goods and services important for an organization’s survival and growth. |
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