What is information technology?

Information technology (IT) is the use of computers, software, hardware, networks, and electronic systems to store, process, transmit, and manage information. Information Technology plays a crucial role in various aspects of business, education, healthcare, entertainment, and communication.

What is a supply chain?

A supply chain is a network of organizations, people, activities, information, and resources involved in the production, distribution, and delivery of goods and services from suppliers to customers. It encompasses the entire journey that a product or service takes, from its initial creation or sourcing of raw materials to its final consumption by the end user. The supply chain includes various stages and participants, each of which plays a crucial role in ensuring the availability of products and services to meet customer demand.

What is procurement?

The company procurement department is responsible for managing the process of acquiring services, goods, raw materials, or software that the organization needs to operate effectively. Their duties may include sourcing, vendor diligence, negotiating terms, purchasing, receiving and inspecting goods as necessary, and record keeping of all the steps in the process to make it repeatable. They play a crucial role in ensuring that a company has access to the necessary resources at the right quality, quantity, and price.