APSCMP

What is P&S

Procurement and supply chain management are closely related fields that involve the acquisition and management of goods, services, and materials.

Procurement management is the process of acquiring goods, services, or works from an external source. It involves identifying needs, specifying requirements, selecting suppliers, negotiating contracts, and managing the acquisition and delivery of the goods or services.

Supply chain management, on the other hand, is the coordination and management of all activities involved in the production and delivery of a product or service. It includes procurement but also encompasses other activities such as planning, logistics, and production. Supply chain management aims to optimize the flow of materials, information, and finances through the entire supply chain, to deliver products or services to customers most efficiently and cost-effectively possible.

In summary, Procurement management is a subset of Supply chain management, Procurement is responsible for acquiring goods and services while Supply chain management oversees the entire flow of materials, information, and finances through the entire supply chain, including procurement.

Areas of Procurement and supply chain management

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Strategic sourcing

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Contract management

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Category management

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Logistics and distribution

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Demand management

Reviews incorporate testimonials customer, or social media feeds to build trust and credibility.

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Supply chain planning

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Performance management

Reviews incorporate testimonials customer, or social media feeds to build trust and credibility.

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Procurement technology

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International procurement and supply chain management

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Sustainability and responsible procurement

Reviews incorporate testimonials customer, or social media feeds to build trust and credibility.

These are some of the main areas of procurement and supply chain management, but depending on the organization and the specific role, the focus may be different.

Research Methods

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Surveys

Surveys can be used to gather information from a large number of individuals or organizations. Surveys can be conducted through mail, phone, email, or online, and can be used to gather data on a wide range of topics, such as procurement practices, supplier selection criteria, and supply chain performance.

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Case Studies

Case studies involve the in-depth examination of a specific organization or situation. Case studies can be used to gain a deeper understanding of procurement and supply chain management practices in a particular industry or context.

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Experiments

Experiments can be used to test specific hypotheses or theories related to procurement and supply chain management. Experiments can be conducted in a laboratory or in a field setting, and can involve manipulating different variables to study their impact on procurement and supply chain outcomes.

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Simulation

Computer simulations can be used to model and analyze different procurement and supply chain scenarios. This approach can be used to study the impact of different decisions and policies on procurement and supply chain performance.

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Field Research

Field research can be used to conduct observational or participatory research in a natural setting. Field research can be used to study procurement and supply chain practices in a real-world context, and can involve observing or interviewing individuals or organizations.

These are some common methods used in procurement and supply chain management research, but it’s important to note that depending on the research question or hypothesis, different methods may be more appropriate to use.

Practice

Practitioners of procurement and supply chain management typically work in a variety of ways to ensure that an organization has the goods and services it needs to operate effectively. Some common tasks and responsibilities of procurement and supply chain management practitioners includes:

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Identifying and specifying requirements

Practitioners work with internal stakeholders to identify the goods and services that an organization needs, and to specify the requirements for those goods and services.

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Sourcing and selecting suppliers

Practitioners are responsible for identifying potential suppliers, evaluating their capabilities, and selecting the most appropriate suppliers for an organization.

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Analyzing data and identifying trends

Practitioners use data analysis to identify trends and patterns in procurement and supply chain activities, and to make informed decisions.

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Managing the procurement process

Practitioners are responsible for managing the entire procurement process, from identifying needs to delivery of the goods or services.

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Managing supplier relationships

Practitioners work to maintain positive relationships with suppliers, and to manage any issues that may arise.

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Managing logistics and distribution

Practitioners work to ensure that goods and services are delivered to the organization in a timely and cost-effective manner.

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Managing inventory and stock levels

Practitioners work to ensure that inventory and stock levels are managed in a way that meets the organization’s needs.

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Continuous improvement

Practitioners work to continuously improve procurement and supply chain processes and performance through the implementation of best practices and new technologies.

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Risk management

Practitioners work to identify and mitigate risks that could affect procurement and supply chain activities.

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Negotiating contracts

Practitioners work with suppliers to negotiate the terms and conditions of contracts, including prices, delivery schedules, and quality standards.

These are some of the main areas of procurement and supply chain management, but depending on the organization and the specific role, the focus may be different.