Procurement


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.