14/02/ 202

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14/02/ 2025 Faculty of Management Sciences Introduction to Procurement and Supply Chain Management (IPS511S) Unit 1: Introduction to Procurement & Supply Chains Management Facilitators: Ms. Selma Kambonde(FT) Dr. Helvi Petrus (FT) Mr. T. Nepolo (PT) Objectives of the Unit By the end of this unit, students should be able to: ▪ Define Supply Chain Management; ▪ Explain the difference between Logistics, Procurement, and supply chain management; ▪ Explain the evolution of Supply Chain Management; ▪ Explain the relationship between business logistics and supply chain management; ▪ Discuss the Importance of Supply Chain management; ▪ Define planning, implementation, and controlling as elements in Logistics; ▪ Analyse the key elements of Supply Chain Management; ▪ Explain the concept of the value chain in SCM; ▪ Discuss the importance of reverse logistics. What is a Supply Chain? 2/14/2025 3kambonde What is a Supply Chain? ▪ The system of suppliers, manufacturers, retailers, transportation, and distributors that exists to transform raw materials into final products and supply those products to customers. ▪ A supply chain consists of the flow of products and services from: • Raw materials ...