Procurement

Jan 27, 2011  |  Articles

The Procurement Process – Implementing the Plan: Procurement : A Tutorial

The Procurement Process – Implementing the Plan p. Bidding or Negotiation?Purchase ApprovalBlanket Purchase OrdersUpdate Supplier ScorecardContinuous Improvement Bidding or Negotiation? Purchaser sends a request for quotation (RFQ). Bids are evaluated based on lowest price, so price must be the major […]

Jan 26, 2011  |  Articles

The Procurement Process – Creating a Sourcing Plan: Procurement : A Tutorial

The Procurement Process – Creating a Sourcing Plan IntroductionIdentify OpportunitiesAnalyze the SituationUndertake Strategic AnalysisCase StudyCreate a Strategic Sourcing Plan Introduction The Procurement Process Business requirement for product or service User need for product or service Identify Opportunities Opportunities are usually […]

Jan 26, 2011  |  Articles

Role of Procurement within an Organization: Procurement : A Tutorial

Role of Procurement within an Organization Overview Key Procurement Objectives: OBJECTIVE 1 – Support Operational Requirements OBJECTIVE 2 – Manage the Procurement Process and the Supply Base Efficiently and Effectively OBJECTIVE 3 – Develop Strong Relationships with Other Functional Groups […]

Jan 26, 2011  |  Articles

Types of Goods and Services Purchased: Procurement : A Tutorial

Types of Goods and Services Purchased Raw Materials Semi-finished Products and Components Finished Products Maintenance, Repair, and Operating Items Production Support Items Services Capital Equipment Transportation and Third-Party Purchasing h2. Raw Materials h2. Semi-finished Products and Components h2. Finished Products […]

Jan 26, 2011  |  Articles

Introduction: Procurement : A Tutorial

Introduction Overview Learning Objectives Tutorial Outline h2. Overview A world-class procurement staff must continuously work to improve the efficiency and effectiveness of what we call the procurement process. This is the process used to: Identify opportunities. Identify business requirements. Analyze […]

Oct 22, 2003  |  Articles

E-Procurement and the Purchasing Process

Many organizations are beginning to re-evaluate their purchasing processes, and identify new types of e-procurement tools that will meet their needs. This summer, Karl Mundt and Mark Benson have been working with PPD to map out their purchasing process, and […]

Sep 11, 2003  |  Articles

Is Your Procurement Organization Ready for Outsourcing?

It is notable that the success of an outsourced project is not only dependent on technological capability, but is more dependent on the service organization to effectively communicate with its client and to stimulate open channels of communication – greater […]

Aug 28, 2003  |  Articles

Measuring the Maturity of Procurement Practices

Many companies today are deploying a myriad of procurement strategies, including: Applying reverse auctions to all commodities Apply strategic alliances with all commodities Outsourcing of key business processes Leveraging and supply base reduction Not all of these strategies have been […]

May 15, 2003  |  Articles

Procurement Technology and Trust

For the average company, purchased products and services account for more than 60% of their total costs (1). That makes procurement a likely candidate for cost reduction efforts. Procurement technology is promoted as a way to reduce these costs. But […]