General Energy Management Systems Interview Questions, Process, and Tips

Supply chain management refers to the coordination and management of activities involved in the production and delivery of goods and services.

• Involves planning, sourcing, manufacturing, delivery, and returns

• Aims to optimize efficiency, reduce costs, and improve customer satisfaction

• Requires collaboration and communication between suppliers, manufacturers, distributors, and retailers

• Examples include Walmart's supply cha...read more

Purchase is the act of buying goods or services while procurement is the process of acquiring goods or services.

• Purchase is a transactional activity while procurement is a strategic process.

• Purchase is a subset of procurement.

• Procurement involves activities such as supplier selection, negotiation, and contract management.

• Purchase involves placing orders, receiving goods, and making payments.

• Procurement is a continuous ...read more