101 Models of Procurement and Supply Chain Management

In the ever-evolving business world, the effectiveness of procurement and supply chain management holds the key to success. Organizations across all industries are constantly seeking ways to optimize their processes and gain a competitive edge. With this in mind, we present you with 101 models of procurement and supply chain management that can revolutionize your business.

The Importance of Procurement and Supply Chain Management

Procurement and supply chain management are crucial components of any organization's operations. They involve the planning and execution of activities required to obtain goods and services from external vendors, as well as the efficient management of all activities involved in the production and delivery of those goods and services.

Effective procurement and supply chain management can lead to cost savings, improvement in product quality, faster delivery times, better customer satisfaction, and overall organizational growth.

101 Models of Procurement and Supply Chain Management

by Marco Vriens(Kindle Edition)

4.3 out of 5

Language	:	English
File size	:	1816 KB
Text-to-Speech	:	Enabled
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Lending	:	Enabled
Screen Reader	:	Supported
Print length	:	140 pages

FREE

101 Models of Procurement and Supply Chain Management

1. Just-In-Time (JIT) Model

Description: JIT is a model that focuses on minimizing inventory levels by receiving goods only when they are needed in the production process.

2. Total Cost of Ownership (TCO) Model

Description: The TCO model takes into account both the acquisition cost and the cost of owning and maintaining a product or service throughout its lifecycle.

3. Vendor-Managed Inventory (VMI) Model

Description: VMI is a model where the vendor is responsible for managing and restocking inventory at the customer's location based on demand data.

Procurement and supply chain management models play a critical role in the success of any organization. By implementing the right models, businesses can streamline their operations, reduce costs, enhance customer satisfaction, and gain a competitive advantage.

These 101 models provide a comprehensive overview of the various approaches that can be adopted in managing procurement and supply chain activities. Remember, each model may have different benefits depending on the unique requirements of your organization.

Take the time to analyze and evaluate which models align best with your business objectives. By doing so, you will be well on your way to achieving a highly efficient and effective procurement and supply chain management system.

101 Models of Procurement and Supply Chain Management

by Marco Vriens(Kindle Edition)

4.3 out of 5

Language	:	English
File size	:	1816 KB
Text-to-Speech	:	Enabled
Enhanced typesetting	:	Enabled
Word Wise	:	Enabled
Lending	:	Enabled
Screen Reader	:	Supported
Print length	:	140 pages

FREE

101 Models of Procurement & Supply Chain Management contains 101 diverse and cross-functional models which the authors and some of their esteemed colleagues deem to be of greatest value, and which they have found to be of most use when working within global organisations, delivering consultancy activities or teaching Procurement and Supply Chain subjects to international students studying CIPS and other qualifications.

Each model or tool is contained within no more than 2 pages, and is headed
with a short definition, followed by further detail and explanation, analysis of any evolutions and iterations, with an “advantages and disadvantages” critique to conclude.

Further, as a supplementary feature, some nominal direction is given as to where the models may fit into the procurement or operational process, where they might deliver value to the organisation, or where they may be used to develop corporate strategy.

Who is this book for?
Students studying for Procurement, Supply Chain, Logistics, general business, management, sales, and other related courses or examinations.
Organisational users looking to improve operational or commercial performance by using internationally recognised models proven to increase efficiency, raise awareness of issues, reduce waste, exploit opportunities, manage risk, and so on.
Management looking to evaluate performance, exploit external opportunities and generate strategy to deliver the corporate vision.
Sales personnel and anybody else with a corporate interest in evaluating the actions of others with a view to determining their strategic ambitions.