Questions On Traditional Purchasing Process

7. All interaction between the organization and supplier should be done in a manner to develop long term commitment between those involved, trust, and a shared vision with the end result being the complete satisfaction of the end user customer.

Procurement is the route of choosing equipment, services or products and maintaining and managing them until they have reached the end of their life cycles, when the whole process is repeated.

In this way, when suppliers see that the purchasing department of an organization understand their business and value, and work well together with their Sales & Marketing department, they will be more inclined to work with the organization. This means that all parties can gain both in terms of increased value and respect towards each other.

Purchase of goods/services: At my job, the procurement manager is the one that decides the contract of vendors. He also decides what suppliers are to be used and approves all purchase

Apply time, money, people and other resource involve in early supply and supplier to assure continuous availability at the lowest cost in strategy spend.

We all have to make major purchases during our lifetime—it’s unavoidable. There are three primary ways to go about making these purchases. First, we can go into debt, and pay off the loans we get with interest over time. This is by far the worst way to make our major purchases, because we not only go into debt, but we also lose both the interest we pay on the loan and the interest we could have made had we invested the money we use to pay back the loan. Second, we can save our money, and buy things with cash from our savings. This method, which seems logical on its face, also erodes wealth, because we lose the money we saved to make the purchase and the interest we could have made on that money had we invested it. Third, the wealth creation

3. Supplier service and responsiveness- ensue that all suppliers of equipment and components employed in our products/ services are evaluated as to their abilities to provide satisfactory responses to technical queries within an efficient time.

Speed: The ability to do things quickly in response to customer demands and thereby offer short lead times between when a customer orders a product or service and when it is received

Commitment to our suppliers- We live by our deadlines, then our suppliers will live up to theirs, so suppliers are important to keep the business running.

Purchasing-Information gained from planning stage used to purchase raw material for products and packaging from supplier.

* Work closely with suppliers to build long-term business relationships on quality and price basis of strict criteria.

Excellent customer service is a way to set the organization apart from its competitors. Differentiation can be achieved through fast and correct execution of product ordering. To improve on the order process it is important to have the correct information provided in a timely fashion to all divisions. For integration to be successful information must be available throughout the entire supply chain.

Leading the industry by providing personal, honest and effective service that results in an advantageous business relationship with our customers, partners and suppliers;

Even the finest buying strategies can be dissatisfied by lack of observance. In order for savings to be at highest levels, it is procurement’s

❖ To make sure of availability of parts and other stuff critical and necessary to maintain services that will ensure the customers needs and demands, a good relationship with the suppliers and developers has to be achieved.