Value Chain PRIMARY ACTIVITIES : example: Inbound Logistics - a gathering of new materials thru a partnership with ranches. allocation of sources and warehouse, separate  facilities of the working area and manufacturing. Operations- production Outbound Logistics  Marketing and Sales  After-sales Services  SUPPORTING ACTIVITIES : Procurement  Technological development  Human resources management  Infrastructure  What are the possible supporting activities in those list?

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JIT 17. Why is the selection of the supplier an important decision in purchasing?

Procurement and Inventory management at Nestle The procurement life cycle followed by Nestle is broken up into several integrated components inthe business and involves large number of intermediary processes like purchase requisition,purchase order, vendor involvement, goods receipt and inventory management and accountspayable. All these processes make together the life cycle of procurement process.Each time an inventory item is received or issued from the inventory at one of the Nestle locations,the system automatically updates stock quantities and values, and reduces inventory. Timeconsuming tasks are simplified through determining optimum source of supply, analyzing andcomparing vendor pricing, issuing purchase orders, managing the authorization for purchaserequisitions, processing invoices for payment and recording the same. The efficient supply chain atNestle requires all stock planning and operational activities to be integrated into a uniformbusiness-process flow.At the…