Supply Chain Management Associate Interview Questions and Answers

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 process while purchase is a one-time activity.

• Example: A c...read more

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 chain management system and Amazon's fulfillment network

Supply chain management involves the coordination and management of all activities involved in the production and delivery of goods and services.

• It includes planning, sourcing, manufacturing, delivery, and returns management.

• Effective supply chain management can improve efficiency, reduce costs, and increase customer satisfaction.

• Examples of supply chain management tools include inventory management software, transportation management systems, and supplier relationship manage...read more