Supply management is different than
supply chain management, though it can be considered a component of supply
chain management. Supply chain management, which can be automated, generally
refers to:
The oversight and management of materials and services inputs
The production process in which those materials and services are used,
and
The provision of outputs that are generated through the use of the
acquired materials and services, which is analogous to the fulfillment of
customer requirements.
Supply Management is a complementary discipline that encompasses the
alignment of organizations, processes, and systems for
strategic sourcing,
contract management, supplier management, spending analysis to continuously
improve global supply for best-value performance in support of the strategic
objectives of the business.
