It is important that managers understand the purchasing, stock control, stores, physical distribution of the supply chain and how they relate to each other in order to effectively manage the usage of personnel, facilities and capital.
Negotiating with suppliers and performing accurate supplier evaluations in order to improve the purchasing process.
Planning and the control of stock using proven techniques of
inventory management including stock classification, forecasting and ordering
is essential to minimize operational
costs and run a successful supply chain operation.
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