The Role Of Procurement

Question 1

Just in case production

Answer 1

Holds stocks just in case there is a delay from supplies or a sudden unexpected increase in demand.

Question 2

Procurement

Answer 2

This involves selecting suppliers, establishing the terms of payment and negotiating the contract.

Question 3

Supply chain

Answer 3

This refers to all the businesses, people and activities that take part in the production processes from the start until it gets to the customer.

Question 4

Logistics

Answer 4

This refers to the movement of goods, services, information and money throughout the production process.