Supply Management

Research output: Chapter in Book/Published conference outputChapter


In this chapter, we discuss an important topic of SCM, i.e., supply management. First, we introduce procurement and the differences between vertical integration and outsourcing. Then, we discuss the important role of supplier selection in supply management. Supplier evaluation and supplier relationship management for effective supply management are also introduced. Next, we provide a brief discussion on supply risk management as supply disruptions are not uncommon in supply chains. In the latter sections, we demonstrate supplier selection examples in Python, and a few popular regression algorithms including linear regression, Support Vector Machines, Decision Trees, Random Forests and Extra-Trees.
Original languageEnglish
Title of host publicationSupply Chain Analytics Concepts, Techniques and Applications
PublisherPalgrave Macmillan
ISBN (Electronic)9783030922245
ISBN (Print)9783030922238
Publication statusPublished - 8 Apr 2022


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