tailieunhanh - Lecture Principle of inventory and material management - Lecture 15

Lecture 15 - Purchasing and Supply Chain. The contents of this chapter include all of the following: Purchasing overview, purchasing cycle, purchasing function, make or buy decision, purchasing techniques, JIT purchasing, supply chain management, outsourcing, ethics in supply chain. | Lecture 15 Purchasing and Supply Chain Books Introduction to Materials Management, Sixth Edition, J. R. Tony Arnold, ., CFPIM, CIRM, Fleming College, Emeritus, Stephen N. Chapman, ., CFPIM, North Carolina State University, Lloyd M. Clive, ., CFPIM, Fleming College Operations Management for Competitive Advantage, 11th Edition, by Chase, Jacobs, and Aquilano, 2005, .: McGraw-Hill/Irwin. Operations Management, 11/E, Jay Heizer, Texas Lutheran University, Barry Render, Graduate School of Business, Rollins College, Prentice Hall Objectives Purchasing overview Purchasing cycle Purchasing function Make or buy decision Purchasing techniques JIT purchasing Supply chain management Outsourcing Ethics in Supply chain Purchasing Overview Purchasing The acquisition of goods and services. Purchasing Activity Helps identify the products and services that can be best obtained externally; and Develops, evaluates, and determines the best supplier, price, and delivery for those products and | Lecture 15 Purchasing and Supply Chain Books Introduction to Materials Management, Sixth Edition, J. R. Tony Arnold, ., CFPIM, CIRM, Fleming College, Emeritus, Stephen N. Chapman, ., CFPIM, North Carolina State University, Lloyd M. Clive, ., CFPIM, Fleming College Operations Management for Competitive Advantage, 11th Edition, by Chase, Jacobs, and Aquilano, 2005, .: McGraw-Hill/Irwin. Operations Management, 11/E, Jay Heizer, Texas Lutheran University, Barry Render, Graduate School of Business, Rollins College, Prentice Hall Objectives Purchasing overview Purchasing cycle Purchasing function Make or buy decision Purchasing techniques JIT purchasing Supply chain management Outsourcing Ethics in Supply chain Purchasing Overview Purchasing The acquisition of goods and services. Purchasing Activity Helps identify the products and services that can be best obtained externally; and Develops, evaluates, and determines the best supplier, price, and delivery for those products and services. 3 Purchasing Objectives Obtaining goods and services of the required quality and quantity. Obtaining goods and services at the lowest cost. Ensuring the best possible service and prompt delivery by the supplier. Developing and maintaining good supplier relations and developing potential suppliers. 4 Purchasing Functions Determining purchasing specifications: quality, quantity, delivery Selecting suppliers Negotiating terms and conditions of purchase Issuing and administering purchase orders 5 Purchasing Cycle Receiving and analyzing purchase req’s. Selecting suppliers Determining the right price Issuing purchase orders Following up to assure delivery dates are met Receiving and accepting goods Approving supplier’s invoice for payment 6 Order Cycle (one to three weeks) Order Request Verification by inventory control Purchasing researches suppliers, obtains quotes, etc. Signatures obtained Order mailed Supplier Cycle (one to many weeks) Supplier receives and enters order .

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