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PURCHASING AND SUPPLY CHAIN OBJECTIVES (To look for sources of revenue and…
PURCHASING AND SUPPLY CHAIN OBJECTIVES
PURCHASING
DEFINATIONS
A functional group where is formal entity on the organization chart as well as a function activity which is related to buying goods and services
OBJECTIVES
Maintaining continuity of supply
Maintaining standards quality
Avoidances of duplication, waste and obsolescence
Maintenance of company's competitive position
Maintain company's reputation
Maintain company's reputations
help in purchasing operation and discover new ideas and materials
Avoidances of duplication, waste and obsolenscence
have a accurate knowledge on of items and materials
proper decision on short and long range plans
Maintenance of company's competitive position
examines the specifications of the purchase of right materials
make sure company quality standards
Maintain stardards quality
Purchase meets required quality
Maintain proper quality on materials
Supply Chain Management
Definations
Consists of all parties including, manufacturers, marketer, suppliers, transporters, warehouse, retailer , directly or indirectly involved in fulfillment of a customer
Objectives
To maximize overall value generated
To look for sources of revenue and cost
To look for sources of revenue and cost
Sources of revenue
Cost of quality improvement
Shortening time to order
Reduce Transportation Cost
Helps in decisions making
Provide flexible planning and control mechanism
To maximize overall cost value generated
the higher the supply chain probability, the more successful is the supply chain