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Procurement, sourcing, and supplier collaboration
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procurement, procurement logistics, procuremetn logistics management, purchasing, soucding, supplier, supplier collaboration, supply chain management, supply chain, supply chain employment, supply chain procurement, supplychain logistics, logistics, sap, erp, scm,
Industry :
Retail chain and logistics
Functional Area : purchasing, logistics and supply chain |
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About "Procurement, sourcing, and supplier collaboration" topic:
Procurement is a high priority within every organizations. Yet about half address the function mostly from the standpoint of cost instead of 'value creation'. Discuss key procurement issues here.....
2 trends
, 1 insight
, 3 debates
, 1 idea contests
, 2 question
on topic: "Procurement, sourcing, and supplier collaboration"
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(rate this)
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Too often it is observed that the two terms 'purchasing' and 'procurement' are used interchangeably. Do you think they serve the same purpose? Differentiate between the two terms.
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G.Ganesan
| Answered
| 2 years ago
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Yes there is a change in these terms.Procurement refers to start from the initial stage ie, designing/sourcing/processing/negotiating/fixing standards etc and purchasing refers to fulfilling the commercial aspects of procuring the commadity viz...
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Eric van Hollemeersch
| Answered
| 3 years ago
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Purchasing is part of the Procurement process, along with quality management, material management, etc ...
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Sushen Gupta
| Answered
| 3 years ago
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Procurement is the acquisition of goods and/or services at the best possible total cost of ownership, in the right quantity and quality, at the right time, in the right place and from the right source for the direct benefit or use of...
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Answer: "Is there a difference between the terms 'Procurement' and 'Purchasing'?" deleted from your view.
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Pull
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Identify the value stream
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Saurabh Roy
| Added idea
"Pull"
| 3 years ago
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This has a very obvious implication for suppliers. Most organizations do not pull from suppliers, and many of those that do have "pull" systems in place are pulling from a supplier that is operating in "mass production" mode. This means that...
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Prithvi Chanan
| Added idea
"Identify the value stream"
| 3 years ago
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The value stream includes all of the information and material flow steps necessary to bring a product to the end customer. This obviously involves suppliers. In many cases, both the information and material flows going in and out of each player in...
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Ideate: "Why should you Involve Suppliers In Your Lean Journey " deleted from your view.
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Five guidelines that companies should keep in mind as they create their spend management program - StarCite 1. Data Consolidation 2. Preferred Vendor Program 3. Legal Oversight 4. Company-wide Visibility and Coordination 5. Approvals Process 1)Data consolidation One of the most fundamental rules of procurement is consolidation of spend for more efficient buying — or, in simple language, volume discounts. So why haven’t most companies consolidated their meeting spend already? One reason is the distributed nature of meeting sourcing touched upon earlier. Marketing and sales departments may account for most of the meetings in the organization, but when added up, training, HR, finance, and R D ...
Insight: "Procurement guidelines " deleted from your view.
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Warehouse procurement is very important when it comes to save cost. Warehouse procurement is an area where important stratergies need to be followed where the distribution and purcahse has to taken care off. Procurement means to obtain or get by effort a certain item. Naturally, this means how you obtain the materials and supplies in your warehouse. With the advent of proper technology, it is possible to procure warehouse goods at lower prices than ever, with the option of purchasing those goods electronically. You can identify various suppliers and vendors, place orders, and track the arrival of the goods all electronically. With this new way of warehouse procurement, you can appreciate an...
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Rakesh K Swarnkar
| Commented
| 3 years ago
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good article, information is beneficial for cost reduction.
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Trends: "Warehouse Procurement - How To Improve Your Procurement System" deleted from your view.
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The primary consideration in the procurement is the need to obtain best value for money in the whole life of the service or facility. The design and operation of the facility should maximize the delivery of effective public services; this is most likely to be achieved through integration of the design, construction, operation and ongoing maintenance. The pressure to reduce cost puts tremendous stress on procurement officers. But procurement isn't simply about getting more for less. Consider these six points to improve your purchasing team's competitiveness: Partner Relationships: Purchasers are constantly in search of the ideal buyer/supplier relationship because 'when collaboration is ...
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mbhingnekar
| Commented
| 3 years ago
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In large estabilishment procurement of materials become too headache,because it has to pass many hurdles till finalisation of the propsal.So I think it is very rare case where procurement becomes better.
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Trends: "6 Approaches to Better Procurement" deleted from your view.
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Answer: "How long the Price cut from Telecom OEM shall be asked by service provider?" deleted from your view.
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Yes
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No
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SANJAY KUMAR PANDA
| Argues in support of
"Yes"
| 2 years ago
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Public procurement is the best
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Debate: "Private Vs Public Procurement" deleted from your view.
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yes
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2
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0
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no
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lavanya
| Argues in support of
"yes"
| 1 year ago
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i feel procuring the materials with good price and ensuring the productivity .... definitely it have a good career
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Santosh A. Jadhav
| Argues in support of
"yes"
| 1 year ago
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Definitely yes ,,, As development is going on very fast,, in every sector new projects and advancement is happening .. in such a scenario procurement plays an vital role, JIT delivery has now become a trend .. and to ensure JIT every stage of...
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Debate: "is procurement feild will be goos for career " deleted from your view.
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