Lesson 2 – Purchasing management – SCM 101 – Learn quickly and get a job in corporate purchasing

What are the SCM Supply Chain Management and Purchasing Management main functions?

When we talk about supply chain, we are talking about several things, how materials arrive in the company. How companies receive, handle, and storage. How supply orders are processed. How the inventory is managed. How materials are stocked. What pace they are used in the production process. And then, how end products are packed, shipped and delivered to customers.

The question is, where is the purchasing work in the SCM umbrella? I would say, all over. But, before going deeper in the purchasing, let’s define better the diffrences between supply chain and purchasing.

In this lesson, we will be reviewing the language of the supply chain management and, inside it, the purchasing work. Let’s understand the releanthiship and differences.

This video is part of the online course Introduction to Procurement Management for university undergraduate programs. The videos were designed to be used as a preparatory activity before classes.

The course covers the following topics:

• Procurement, purchasing and supply management
• Strategic Supply chain and procurement
• Procurement processes and purchasing types
• Sourcing strategies
• Supplier and vendor selection
• Supplier and vendor risk assessment
• Contract, RFP, RFQ, SOW, and SLA administration

Author info

Americo Cunha – Professor (Higher Education)
Operations & Project Management, DSc, MBA, MSc


E-MAIL: [email protected]
WEBSITE: www.americoelearning.com

Disclaimer: Some of these links go to one of my websites and some are affiliate links where I can earn a small commission if you make a purchase at no additional cost to you. These funds will be applied in the production of more online lessons.

Topics covered in this video: purchasing lectures, procurement training, purchasing training, purchasing lectures, supply chain lessons, logistic training, logistic lessons, logistic lectures, supply sourcing strategy, operations management (field of study), break-even analysis, operations management lecture, business process mapping, flowcharting mapping, supply chain (field of study)


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