PROCUREMENT PROCESS
Every business entity has got a procurement department or a executive who
handles all purchases depending upon the size of the organisation .Big
organisations have multilocational purchase unit or in some case purchases are
made from central unit .
Purchase deptt plays a very critical and crucial role in smooth functioning of
organisation
The Head of Purchase deptt is called Chief Procurement Officer(CPO) .Now days
CPO has considerable say in any company policy.
Purchase deptt primary role is to get material at right cost , from right buyer
, of right quality and in right time .
Major role of purchase are following
- Raw Material , Ingredients , fuel buying
- Service contract
- Vendor Development
- Vendor Analysis
- Value Analysis
- Annual Contract
- Capital Purchases .
- Maintenance and Repair contracts
- Payments to vendor .
- Inventory control
- Negotiations & long term contracts
- Scrap management
- Getting licenses for storages etc.ie liasioning with govt depts
- Imports
- Maintaining and Updating Vendor Master.
- Follow up with vendors for Delivery
- Warehousing
- Imports
- Services contract
- Legal and laws of contract
- Purchase Orders and Other Documents ( Quotation , PO , Indent
- ERP -Data Analysis
selecting the best offer considering various aspects such as vendors capacity ,
quality , delivery ( purchase order requisition) followed by purchase dept
inviting quotation from suppliers and selecting the best offer considering
various aspects such as vendors capacity , quality , delivery schedule ,price and
other factors .Purchase orders are released against requisitions . Material is
delivered on specified date and location by the vendors.
delivered on specified date and location by the vendors.
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Purchasing Desk.com covers all aspect of purchasing/procurement/material
management . Purchasing role in any organisation is considered to be important as it
handles raw material which in turns have significant cost impact on material
manufactured . Purchasing is key element of Supply chain management of any
organisation more ever in recent times as sourcing are done from many countries .
Companies with robust purchasing department and experts give better results than
others .
Purchasing Desk .Com highlights role of procurement in cost reduction strategies of an
organisation in areas like inventory , warehousing , logistics , transport management .
Purchase related standard documentation , terms , glossary and other procedures
adopted by organisation
management . Purchasing role in any organisation is considered to be important as it
handles raw material which in turns have significant cost impact on material
manufactured . Purchasing is key element of Supply chain management of any
organisation more ever in recent times as sourcing are done from many countries .
Companies with robust purchasing department and experts give better results than
others .
Purchasing Desk .Com highlights role of procurement in cost reduction strategies of an
organisation in areas like inventory , warehousing , logistics , transport management .
Purchase related standard documentation , terms , glossary and other procedures
adopted by organisation
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