Procurement and Supply Chain Management: A Detailed Report

This report provides a comprehensive overview of procurement and supply chain management. It begins with an executive summary, followed by an introduction to Bentley's supply chain practices. The main body delves into the procurement and supply chain management framework, discussing the structure and processes involved. It explores various models like continuous flow, fast chain, efficiency chain, agile model, and custom configured models, with a focus on their relevance to Bentley's operations. The report examines the characteristics of supply chain and procurement functions, along with their role in business operations. It also covers the impact of the COVID-19 pandemic, various supply chain and procurement strategies, and key performance indicators (KPIs). The report concludes with recommendations and references, offering valuable insights into optimizing supply chain and procurement processes for improved efficiency and customer satisfaction. The report emphasizes the importance of adaptability, customer focus, and strategic approaches in achieving business objectives, particularly in the context of a luxury car manufacturer like Bentley.