A managerial and organizational approach used to integrate the supply management functions in an organization. It involves planning, acquisition, flow, and distribution of production materials from the raw material state to the finished product state. Activities included typically are procurement, inventory management, receiving, stores and warehousing, in-plant materials handling, production planning and control, traffic, and surplus and salvage.
A managerial and organizational approach used to integrate the supply management functions in an organization. It involves planning, acquisition, flow, and distribution of production materials from the raw material state to the finished product state. Activities included typically are procurement, inventory management, receiving, stores and warehousing, in-plant materials handling, production planning and control, traffic, and surplus and salvage.