Purchasing of goods services and materials are the responsibility of Procurement. The target of this arm of the company is to get quality products for minimum cost. Supply chain management and supply chain risk management are involved in procurement. Procurement section of the company is responsible for obtaining the materials at the right assembly point at the exact time of production. Therefore this section must be handled by the experienced and expert employees. They must know how to coordinate all functions of the company With the advancement of computer technology and Information technology this section should be fully computerized and web based procumbent section is a must to fulfill the contemporary requirements.
Advance technology is significant in achieving competitive benefits. The company has to understand this fact and had commissioned an assembly plant equipped with advanced technology so that items could be produced with highest quality standard at low cost. Just in time manufacturing philosophy does not involve incorporation of advanced technologies. Supply chain management is linked with the e plant whereas inventory requirements are communicated to the suppliers when needed with the plant whereas inventory requirements are communicated to the suppliers when required automatically there suppliers to deliver the materials at assembly point. Further supply chain management marketing, customer relations also can be well incorporated with the advanced technology.