What is another name for Supply Management?

What is another name for Supply Management?

Also known as procurement, supply management includes the purchase of physical goods, information, services, and any other necessary resources that enable a company to continue operating and growing.

What is a synonym for suppliers?

Synonyms & Near Synonyms for supplier. distributor, provider, provisioner, purveyor.

What are alternative names for the purchasing process?


  • acquisition.
  • acquirement.
  • appropriation.
  • attainment.
  • procuring.

What is another term for supply chain?

supply chainnoun. Synonyms: logistics network, supply network. supply chainnoun. A system of organizations, people, technology, activities, information and resources involved in moving a product or service from supplier to customer.

What is supplier management process?

Supplier management is the process that ensures maximum value is received for the money that an organization pays to its suppliers. Because these supplies play a part in the smooth running of an organization, it’s important for both supplier and organization to engage properly and effectively.

What is supply management process?

Supply management Supply management is made up of five areas: supply planning, production planning, inventory planning, capacity planning, and distribution planning. Supply planning determines how best to fulfill the requirements created from the demand plan.

Is supplier a synonym for vendor?

In this page you can discover 16 synonyms, antonyms, idiomatic expressions, and related words for supplier, like: vendor, provider, manufacturer, retailer, reseller, product, importer, wholesaler, oems, contractor and null.

What is supplier in supply chain management?

Supplier in supply chain management ‘Suppliers’ or ‘vendors’ are supply chain management terms. The terms mean entities that provide goods or services to individuals or companies. Suppliers may, for example, manufacture inventoriable items and subsequently sell them to customers.

What is an antonym for procure?

Opposite of to receive as return for payment or effort. forfeit. lose. discourage. dissuade.

What is the procurement management process?

The procurement management process involves managing the ordering, receipt, review and approval of items from suppliers. A procurement process also specifies how the supplier relationships will be managed, to ensure a high level of service is received. This is a critical task in Procurement Management.

What is an antonym for supply?

supply. Antonyms: expend, use, consume, waste, exhaust, absorb, demand, withhold, withdraw, retain. Synonyms: furnish, afford, provide, accoutre, give, minister, yield, contribute.