F08 WK3 Proc & SM

F08 WK3 Proc & SM - Procurement & Supply...

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Procurement & Supply Management
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Supply/Materials Management Definition - Materials management is the planning and control of the flow of materials that are part of the inbound logistics system. Materials Management Activities Procurement Importance of Item and Service Purchased The Special Case of Procurement Price Other Materials Management Activities
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Procurement Process
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Procurement Matrix
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Purchase for Use in Manufacture Make or buy Availability of trained labor Physical capacity Comparative advantage Purchase orders (POs) are a commitment to buy Indicate quantities and qualities desired Indicate dates by which the materials must be delivered
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Procuring Services Request for Proposal (RFP) Request for Quotation (RFQ) Examples of procured services Legal, accounting, computer and software consultants Building maintenance Printing Landscape work Janitorial services
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Supplier Selection and Management Supplier management is charged with keeping
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This note was uploaded on 03/05/2010 for the course LSCM 360 taught by Professor Martins during the Fall '08 term at Iowa State.

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F08 WK3 Proc & SM - Procurement & Supply...

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