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Supply Chain: Procurement

Across
gas, water, electricity and telephones
Ensuring that there are sufficient supplies of raw materials at the right price, of the required quality, in the right place and at the right time is crucial to any manufacturing plant.
Spending Well
The vendor takes responsibility for the inventory held in the client’s premises.
Raw material or primary agricultural product that can be bought and sold, such as copper or coffee.
The procurement department assesses the performance of the supplier based on quality, timeliness, price and the completeness of the order
Vendor-managed-inventory
Spending Wisely
Companies and suppliers gain a competitive advantage by working together
Shipping method: road, sea, rail or air
Down
Spending Less
contains details of the agreed price, delivery terms and place.
Raw materials purchase is more important than office stationery.
Align their objectives with those of the organization, Reduce cycle time and transaction costs
Fuel, capitol assets, stationery
Purchase Order
Request For Quote