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PURCHASING MANAGEMENT: PURCHASING MANAGEMENTOVERVIEW: OVERVIEW Purchasing Objectives of Purchasing Principles of Purchasing Functions of Purchasing Department. Methods of Purchasing Steps in Purchase Procedure.

PURCHASING: PURCHASING Purchasing refers to a business or organization attempting to acquire goods or services to accomplish the goals of the enterprise 31 Mar 2015 - Resource Guide. Use the resource guide for definitions, tips, and other assistance with purchasing, procurement, and contract management. 3..

Purchasing and procurement 101 module 4 powerpoint presentation

Purchasing function may include the purchase of raw material, spare parts. The chief function of the Purchasing manager is to satisfy the materials and supplies related to requirements of other depts.

This is done in accordance with the mission, purpose, goals & objectives of the firm. PowerPoint Presentation: The key issues involved in purchasing are:- Quantity Quality Time PlaceOBJECTIVES OF PURCHASING: OBJECTIVES OF PURCHASING Purchase of satisfactory material.

Executive management purchasing and procurement powerpoint

PRINCIPLES OF PURCHASING: PRINCIPLES OF PURCHASINGFUNCTIONS OF PURCHASING DEPARTMENT: FUNCTIONS OF PURCHASING DEPARTMENT 1.

Processing the requisition:- Purchase requisition No……… 27 Feb 2012 - PowerPoint Presentation: As a rule original copy is sent to the supplier, one copy is retained by the purchase department and one copy is sent .

and Other details of the item Price Suggested Supplier Balance in stores Required By……… Authorized By.

Purchase presentation 1 - slideshare

Location and Choice of suppliers :- Some guiding factors for the choice of supplier Reliability of Supply :- Past performance specially in the time of crisis as well as sound financial position of a supplier classifies him to be reliable.

Assurance of timely delivery After sales service Attitude with regard to the goods rejected by the purchaser Technical assistance3 Managing Purchasing and Inventory. 4. Businesses need to get the best possible products or materials for the price. Making smart spending decisions can result .

Placing orders:- All purchases should be made through a purchase order in a specified form and duly signed by some authorized person .

PURCHASE ORDER To Date…… Order No…… Description of item PRICE Date of Supply…… Other reqd’s Signature……………. PowerPoint Presentation: As a rule original copy is sent to the supplier, one copy is retained by the purchase department and one copy is sent to the concerned department requiring the ordered items.

Follow-up or progressing the purchase orders:-: 4. Follow-up or progressing the purchase orders:- Receiving the ordered material at the right time is most important for an org.

Managing purchasing and inventory

The priority of follow-up operations should be given according to the importance or classification of items e 2 Jun 2015 - Purchasing - the process of obtaining goods and services for the State a vendor, purchasing of the goods or services, managing the resulting .

‘A’ class items are to be given top most priority. Invoices received from suppliers are checked and verified with order specification 6. Delay in availability of requisitioned material should be conveyed to concerned departments in time.

To maintain records regarding suppliers , their performance in past, products with them, probable delivery period for each order etc. Control stores operation of receiving the items from vendors and issuing it to concerned department of the organisation. METHODS OF PURCHASING: Purchasing according to requirements.

METHODS OF PURCHASINGPowerPoint Presentation: PURCHASING ACCORDING TO THE REQUIREMENTS: This method is appropriate for those items which are not of regular and common use in the production process.

Powerpoint presentation - cips

And Purchasing department should keep a record of reliable and trustworthy suppliers who were sincere to the organisation in past .

PowerPoint Presentation: PURCHASING FOR SOME DEFINITE FUTURE PERIOD: This method of purchasing is generally used for those items, which are regularly consumed, but the consumption is comparatively low and the price changes for these items are not much Text: Ballou - Business Logistics Management, 5/E (Chapter 9-10) Trading purchase price for inventory carrying cost; Vendors can set order minimum .

PowerPoint Presentation: MARKET PURCHASING : Purchase of goods usually in smaller quantities or in an emergency without contract or negotiations . PowerPoint Presentation: SPECULATIVE PURCHASING : When purchasing is done purely from the point of view of taking advantage of a speculated rise in price of the commodity.

The intent is not to buy for the internal consumption but to resell the commodity at a later date when the prices have gone up & to make a profit by selling. The items may be those that are needed for internal consumption but the qty.

shall be much more than the requirement so as to take the advantage of the coming price rise. PowerPoint Presentation: CONTRACT PURCHASING: In this, the purchase department enters into agreement with various suppliers to supply the items at some future period periodically. In contract purchasing, a purchaser agrees to buy goods to be paid for in a series of installments, each comprising a proportion of the capital and an interest element.

After a final payment, legal ownership passes to the user.

PowerPoint Presentation: SCHEDULED PURCHASING : The purchasing is scheduled according to the requirements of the various departments or of the organisation 23 Jan 2009 - Presentation for Purchase Management Presented By : group 8, PGPRM(PRIL)/07-09..

STEPS IN PURCHASE PROCEDURE: STEPS IN PURCHASE PROCEDURE Various departments are requested to send their requirements on a proper requisition form. consolidated the requirements from various departments to know the total requirement for each item. Market exploration is made to locate the goods and services of desired quality and quantity at the reasonable price.

Potential suppliers are identified from catalogues, quotations and past records. Purchase order in specified form is prepared and sent to the approved suppliers.

Purchase order is the commitment of the buyer to the supplier establishing a contractual relationship between buyer and seller. After some time of placing the order, follow up process starts to get quickly delivery of the items.

items which are not in accordance with the specifications laid down in the purchase order are returned to the supplier on credit note of exchange.