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Purchasing lecture 1
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- 1why is purchasing important?- improving purchasing performance may contribute to increased customer value
- results of good purchasing supply management:
* higher potential for profitability
* outsourcing
* improved product and service quality - 2Du pont-analysisThe dupont analysis is a financial ratio based on the return on equity ratio (measures how efficiently a company can manage its asets to produce profits during a period) that is used to analyze a company's ability to increase its return on equity. Looks at three mains components of the ROE ratio: Profit margin, total asset turnover, financial leverage
- 3Definitions of purchasingOrdering, buying & sourcing; operational, short term, deal and margin oriented
Purchasing, procurement, SCM & VCM; strategic, long term, performance and value oriented - 4Importance of Internal integration/alignmentPurchasing integration refers to the integration of strategic purchasing practices and goals with a firm's objectives. purchasing integration was found to moderate the relationship between purchasing practices and manufacturing performance. increased investments in purchasing integration were observed to lead to higher performance returns.
- 5different forms of multidisciplinary researchMultidisciplinary; "working with several disciplines" draws knowledge from different disciplines but does not change them
interdisciplinary; "working between several disciplines" Incorporate and integrates knowledge
transdisciplinary; "working across and beyond several disciplines" Creating new understanding and theories - 6Purchasing Excellence Framework1. Insourcing/outsourcing
2. Develop similarities between products
3. Establish and leverage a world-class Supply Base
4. Develop and Manage supplier relationships
5. Integrate suppliers into the new product/process develop process
6. integrate suppliers into order fulfilemt process
7. Supplier development and quality management
8. manage costs strategically across the supply chain - 7Tactical/operational purchasing process1. Define specifications
2. select supplier
3. contract agreement
4. Ordering
5. expediting
6. evaluation and follow up - 8Competitive priorities/performance outcomeValue improvement; customer satisfaction, improving company's value proposition, new business revenue, quality, delivery, innovation
risk management; single vs multiple sourcing, performance based contracting, sustainability, legal compliance, flexibility
cost reduction; purchasing savings, doing more with less, agressive sourcing, payment terms
Información
- Descripción
- Fichas sobre Purchasing lecture 1, creado por Elisa Vink el 29/09/2020.
- Creado por
- Elisa Vink
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- 5
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