Procurement involves obtaining goods and services for an organization. It includes identifying suppliers through delivery and aims to ensure an uninterrupted flow of materials at the lowest cost while improving quality and customer satisfaction. The role of procurement is to source the right quality and quantity of goods from reliable suppliers at the optimal price, time, location, and service level to meet the organization's needs.
Development of a procurement strategy and making the aquisition and purchasing choice by Derek Hendrikz. passive, independent, supportive and integrative strategies. Outsourcing vs. insourcing and bottle neck, critical, routine and leverage sourcing discussed.
www.derekhendrikz.com
Purchasing and procurement in Material managementKaustubh Vartak
Purchasing is a subset of procurement. Purchasing generally refers simply to buying goods or services. Purchasing often includes receiving and payment as well.
Development of a procurement strategy and making the aquisition and purchasing choice by Derek Hendrikz. passive, independent, supportive and integrative strategies. Outsourcing vs. insourcing and bottle neck, critical, routine and leverage sourcing discussed.
www.derekhendrikz.com
Purchasing and procurement in Material managementKaustubh Vartak
Purchasing is a subset of procurement. Purchasing generally refers simply to buying goods or services. Purchasing often includes receiving and payment as well.
The presentation is about procurement and sourcing strategies. The process, types, importance and goals of procurement and sourcing have been discussed briefly.
Use content-ready Procurement PowerPoint Presentation Slides to execute the process of acquiring goods and services from an external source via tendering. Meet customers & stakeholders demands, analyse processes, optimize strategies and ultimately reduce procurement costs. Incorporate professionally designed procurement PowerPoint PPT templates to transform your business which bring you benefits. This deck comprises of templates such as procurement strategy structure, procurement steps, procurement workflow process, procurement strategy, approach to procurement, formulating procurement strategy, creating procurement strategy, and more. Use this presentation for purchase planning, value analysis, financing, price negotiation, inventory control and stores, standards determination, etc. These procurement PowerPoint templates are completely customizable. Edit color, text, icon and font size as per your requirement. Add or remove content, if needed. Grab ready-to-use procurement PowerPoint complete presentation to go step by step process of acquiring goods and services from external suppliers. Good expression is guaranteed with our Procurement Powerpoint Presentation Slides. Communication becomes explicitly clear.
The presentation is about procurement and sourcing strategies. The process, types, importance and goals of procurement and sourcing have been discussed briefly.
Use content-ready Procurement PowerPoint Presentation Slides to execute the process of acquiring goods and services from an external source via tendering. Meet customers & stakeholders demands, analyse processes, optimize strategies and ultimately reduce procurement costs. Incorporate professionally designed procurement PowerPoint PPT templates to transform your business which bring you benefits. This deck comprises of templates such as procurement strategy structure, procurement steps, procurement workflow process, procurement strategy, approach to procurement, formulating procurement strategy, creating procurement strategy, and more. Use this presentation for purchase planning, value analysis, financing, price negotiation, inventory control and stores, standards determination, etc. These procurement PowerPoint templates are completely customizable. Edit color, text, icon and font size as per your requirement. Add or remove content, if needed. Grab ready-to-use procurement PowerPoint complete presentation to go step by step process of acquiring goods and services from external suppliers. Good expression is guaranteed with our Procurement Powerpoint Presentation Slides. Communication becomes explicitly clear.
Purchasing Management
Principles of Purchasing Management OR (8 R'S)
Functions of Purchasing Management
Negotiating
Value Engineering
VALUE ANALYSIS
Receive Purchase Request
Supplier selection
Payment Authorization
Market research and Information
Selection of Source
Determination of Price and Availability
Follow Up
Purchase Manager in a Hospital Industry- His Functions,Roles & Responsibiliti...Niharika Dubey
A hospital industry is a complex hub and essentially need a focused as well as an organised purchase manager.Thus, his functions,roles and responsibilities have to be defined one.
Basic Procurement Principle is the module taught at College of Business and Management (CBM-TZ) to all scholars undertaking Basic Technician Certificate in Procurement and Supplies Management
it includes, research and development, example, operation strategy its kinds and functions, its kinds and functions,purchasing strategy its kinds and functions,logistics strategy its kinds and functions, , HRM strategy its kinds and functions, Creating the Business Scenario,stages.
1. The ROLE of PROCUREMENT LM303 Principles of Logistics an Supply TOPIC: The Role of Procurement in an Organization. Prepared by: Group 1 (Hauler)
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3. What is Procurement? The act of obtaining merchandise, capital equipment; raw materials, services, or maintenance, repair, and operating (MRO) supplies in exchange for money or its equivalent. Two Categories: 1. Merchant buyer wholesalers and retailers who purchase for resale 2. Industrial buyer purchase raw materials for conversion, services, capital equipment, & MRO supplies .
4. Is the process by which companies acquire raw materials, component, products, services, and other resources from supplier to execute their operation. Definition of Term: Procurement is the process of identifying and obtaining goods and services. It includes sourcing, purchasing and covers all activities from identifying potential suppliers through to delivery from supplier to the users or beneficiary; Purchasing is the specific function associated with the actual buying of goods and services from suppliers; Sourcing is simply: “Identifying and working with appropriate suppliers”.
8. THE GOAL OF PROCUREMENT Is to carry out activities related to procurement in such a way that the goods and services, so procured are of the right quality, from the right source, are at the right cost and can be delivered in the right quantities, to the right place, at the right time.
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Editor's Notes
Merchant buyer- usually purchase their merchandise in volume to take advantage of quantity discount and other incentives such as transportation economy and storage efficiency. they create value by consolidating merchandise, breaking bulk and providing the essential logistical service. INDUSTRIAL BUYER- the typical industrial buyers are the manufacturer.
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• The right price is obtained from the marketplace through competitive bidding, which assures contracts with responsive and responsible suppliers at the lowest price. Buying the Right Quantity If purchasing too small a quantity: • the unit cost will usually be higher, • shortages may occur, • expediting responsibility will be greater, and • the relationship with the vendor may be strained. • If purchasing too large a quantity: • the excess inventory will raise costs, • obsolescence may be come a factor, and • storage becomes an issue for the agency. Buying the Right Quality Quality is normally determined by the requestor and defined in the specifications. • If the quality is too low, additional quantities may be required to compensate for the inferiorities. • If the quality is too high, the cost may be prohibiting. Buying at the Right Time • In markets that are extremely volatile, procurements must be timed to avoid buying when prices are on the upswing. • The buyer must have knowledge of the market and trends and the varied factors that affect the flow of the prices. • Deliver at the Right Time also means to make sure that the product or commodity get appropriate end-user when they need it. Buying at the Right Place • Goods and services must be delivered to the appropriate location to ensure availability for the intended users • Place becomes a critical concern when scheduling and planning for multiple locations. Buying from the Right Source • Vendors must be able to meet all of the requirements of the solicitation and not just some of them • The Buyer must carefully select the responsive/responsible vendor that can provide the best value to the solicitation. Buying the Right Service • Service before and after a particular procurement can solidify or destroy a sellerbuyer • The increased technical sophistication of many products and services requires that quality service must accompany the purchase. • Employee training is a new field that is gaining more importance.
The main objectives of each buyer should be to: • Supply the requester with an uninterrupted flow of 10 goods and services. • To purchase competitively by keeping ahead of the marketplace. • To place emphasis on quality and best value, not simply on lowest price. • To satisfying the requirements for consistency, fairness, equity, and transparency while maintaining a focus on maximizing competition