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Venkadesh Narayanan – SCM Faculty

Venkadesh is a Mechanical Engineer and an MBA with 30 years of experience in the domains of procurement, supply chain management, business analysis, new product development, business plan and standard operating procedures. He is currently working as Principal Consultant at Fhyzics Business Consultants. He is a Recognized Instructor of APICS, USA and CIPS, UK. He is a former member of the Indian Civil Services (IRAS). You can reach out to him at +91-900-304-9000 or email at Certifications@Fhyzics.net for any guidance on procurement and supply chain certifications. You are most welcome to connect with him on LinkedIn.

Understanding Supply Chain Tiering: Definition and Functions – Pro-Art-4103

Supply chain tiering is a critical concept in procurement that involves categorizing suppliers based on their roles and relationships within the supply chain. This structured approach helps organizations manage their procurement processes more

SCM v/s. Procurement: Roles, Functions, and Interdependencies – Pro-Art-4102

Supply Chain Management (SCM) and procurement are two essential components within the broader field of supply chain operations. While they are closely related, their roles and functions differ significantly.

Procurement Certifications and Articles Master List

  1. Comprehensive Guide to Procurement and Supply Chain Concepts – Pro-Art-4101
  2. SCM vs. Procurement: Roles, Functions, and Interdependencies – Pro-Art-4102
  3. Understanding Supply Chain Tiering: Definition and Functions Pro-Art-4103

Comprehensive Guide to Procurement and Supply Chain Concepts – Pro-Art-4101

Procurement 

Procurement is the process of acquiring goods, services, or works from external sources. It involves activities such as identifying needs, specifying requirements, selecting suppliers, negotiating contracts, and purchasing

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