Purchasing and Management Acquisition

Supply chain management includes identifying the need of the company, making purchases accordingly, form contact with the suppliers, procure the raw materials or inventory, deliver the raw materials, inventory or finished goods to its right destination. The process of co-coordinating people and things for conducting business functions is called supply chain management. The project managers, supply chain personnel, suppliers, vendors, intermediaries, retailers and customers are involved in this process. This study has been undertaken to assess certain important aspects in supply chain management such as the problems areas which might act as barriers in the companies, the reasons behind increasing cost of supply chain or logistics cost, the effect of poor technological infrastructure on the supply chain of the organizations, the functionalities of different departments such as purchase or acquisition department in the supply chain and the also to know the right ingredients for an effective supply system. A survey was conducted to gather information regarding the current practices in the companies and also to gather suggestions for betterment of the system in this regard. A sample size of 10 companies was chosen and among them 200 respondents was selected to acquire information.

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