3 A B C D E F G H I J K L M N O P Q R S T U V W Y

Supply Management

Supply Management is also referred to as purchasing or procurement. This function oversees corporate buying of materials both for use in production and other items. It may also handle purchasing of equipment assets, and coordinate inbound logistics and inventory management. Software applications known as Supplier Relationship Management systems are used by Supply Management teams to handle supplier performance and contracts (including costs, quality, on-time delivery, documentation and standards).