Thursday, 30 March 2017

SUPPLY CHAIN MALAYSIA: Procurement & Supply Chain. What's the Difference?

When it comes to Supply Chain, most companies in Malaysia do not aware the relations between Procurement & Supply Chain. Even for some 'international growing' companies, they do not even know the relevant of supply chain in their company. 

Looking at the Supply Chain Management certification/ modules, they have included Procurement under one roof named; Supply Chain Management. However, there are slight difference that we should know if you wish to grow your company to the next level.

Based on the

Procurement “is the process of getting the goods and/or services your company needs to fulfill its business model. Some of the tasks involved in procurement include developing standards of quality, financing purchases, negotiating price, buying goods, inventory control, and disposal of waste products like the packaging. In the overall supply chain process, procurement stops once your company has possession of the goods. To make a profit, the cost of procuring your goods must be less than the amount you can sell the goods for, minus whatever costs are associated with processing and selling them.”
A supply chain “consists of everybody involved in getting your product in the hands of a customer. It includes raw material gatherers, manufacturers, transportation companies, wholesale warehouses, in-house staff, stock rooms and the teenager at the register. It also includes the tasks and functions that contribute to moving that product, such as quality control, marketing, procurement, and sourcing. Using the above analogy, the supply chain can be considered the entire chair, while procurement and sourcing are parts of the chair.”
Procurement is the process of getting the goods you need, while supply chain is the infrastructure (extensive, in many cases) needed to get you those goods.

If you wish to either learn Supply Chain Management or maybe you just want to pick on your specialized area such Procurement, feel free to ask us to customize the course for you!

Above is SOME FACTS in Supply Chain Management that every companies in Malaysia should have learn.

Learn THEM in International Certification in Supply Chain Management with Excel Minds Consultancy.


If you owned a company or looking for training opportunities in Supply Chain/ Procurement/ Supplier, International Certification in Supply Chain Management, is your BEST Choice.

Email us your enquiries to 03- 7722 5927

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