What is Procurement and Logistics Management?
Procurement addresses the buying of right product of right high quality. It is comprised of some part of Vendor Development. Procurement requires giving POs, keeping price agreements, regular follow-ups with Vendors for delivery of product to feed production range. Procurement is the division that actually works in line with the method of organisation goals with ref. to success of manufacturing preparation. When it comes to procurement department, line stoppage considering product shortage is a big non-performance
After that, Logistics is the way of managing distribution. It ranges from JIT(simply over time) to in the offing distribution (lead time). In this case, you need to manage enough time correctly to make certain that all product is well delivered before time and energy to your factory. There are various methods the organization chooses, like, logistics godwon, advanced warehouses, one container load or one vehicle load, etc.