L14 Notes 10 - Purchasing centralized or decentralized What...

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© W.R. Knechel Resource Acquisition Process: Activities Identify Needs Vendor Selection Resource Handling Receiving Authorize Purchase Order Entry Authorize Payment Return Resource Payment Processing Packaging Storage Quality Control Costing Production Production Planning Production Design Ordering, Receiving, Paying Vendors Ordering: What Kind? How much? When? Choosing supplier - Basis; Few suppliers v. many suppliers
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Unformatted text preview: Purchasing: centralized or decentralized What is a PO? Blanket PO, purchase commitments Costs of ordering v. storage costs (Kaitzen, IT,, JIT, vertical integration, core Automatic v. manual Receiving: Accept? Inspect for what? What document? When to record A/P? Blank quantities, inventory update scanner Paying: voucher package, ARCO, unauthorized pymt, disc BOA EDI...
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