Co-ordination with inward inspection including timely return of defective materials back to suppliers. Endorsing suppliers invoice for payment. Processing suppliers requests for price increases including price renegtiations. Advising management as regards to new materials, new products, forward buying etc. Attending to periodical activities like applying for important licence, quota etc.
Any quality that is suitable for the purpose is known as right quality. For this right quantity of materials is to be purchased. Excess purchase should be avoided because Capital is unnecessarily blocked. This level indicates the stock has reached to minimum and now the order must be placed. At this level, purchase department will not delay in placing order. If the goods are arranged earlier than the required time, it will cause over-stock and blocking of money.
On the other hand, delay in delivery means loss of production. The supplier should have sufficient financial resources and manpower to handle the order.
As far as possible, the firm should be located near the buyers plant. This will avoid delivery delay and high transportation cost. Upload from Desktop Single File Upload. The presentation is successfully added In Your Favorites.
You do not have the permission to view this presentation. Control stores operation of receiving the items from vendors and issuing it to concerned department of the organisation. To handle damages and demurrage claims. Purchasing according to requirements. Purchasing for some definite future period. This method is appropriate for those items which are not of regular and common use in the production process. These items are generally not stored in inventories. And Purchasing department should keep a record of reliable and trustworthy suppliers who were sincere to the organisation in past.
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. Purchase of goods usually in smaller quantities or in an emergency without contract or negotiations. When purchasing is done purely from the point of view of taking advantage of a speculated rise in price of the commodity. The items may be those that are needed for internal consumption but the qty.
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. The purchasing is scheduled according to the requirements of the various departments or of the organisation.
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 received are compared with purchase order.
Upload from Desktop Single File Upload. The presentation is successfully added In Your Favorites. Assurance of timely delivery After sales service Attitude with regard to the goods rejected by the purchaser Technical assistance.
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Presentation for Purchase Management Presented By: group 8, PGPRM(PRIL)/
PURCHASING MANAGEMENT PPT. manibal. Download Let's Connect. Share Add to Flag PowerPoint Presentation: MARKET PURCHASING: Purchase of goods usually in smaller quantities or in an emergency without contract or negotiations. Purchase order in specified form is prepared and sent to the approved suppliers. Purchase order is the commitment.
Buy PowerPoint presentation of superior quality made by professional presentation makers online. Buy custom presentations from our company and you will get premium quality, originality and on . Purchase Presentation - authorSTREAM Presentation. Slide (3)Right Time – Right time means the minimum level. This level indicates the stock has reached to minimum and now the order must be placed.
agencies purchase goods and services from the private sector. The process will usually be subject to specific rules and policies covering how the relevant decisions are made. Depending on local laws, a set system for procurement must be followed. Purchasing and Bidding Process Presentation. 5. The Louisiana Purchase was the acquisition by the United States of more than acres of territory from France in , at the cost of.