466 Lecture 2

466 Lecture 2 - impact: Leverage Items: e.g. oil gasoline,...

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466 Lecture 2 Purchasing Process Map: 1. User need for product or service. If it is very complex, it wouldn't have to waited there for you to purchase it. Match PO, Invoice, packing slip, we need to have all these three matched. Map everything out, and look for opportunities. Check where we add the most values along the map. Blanket purchase order: this would say I would buy tires in the next three months. I am make releases weekly . Portfolio Analysis:   Profit impact, supply risk Routine Items(which are easy to get): low supply risk, and low profit  impact. :we need to simplify acquisition process.  Low supply risk(means I can get it whenever I need it), high profit 
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Unformatted text preview: impact: Leverage Items: e.g. oil gasoline, we need to maximize commercial advantage. Usually in this items have a lot of competition since the supply risk is low. Bottleneck Items: high supply risk(hard to attain), low profit impact. We need to ensure supply and search for alternatives. Critical Items: high supply Risks, high profit impact. RFP: Request for proposal RFQ: Request for Quote/Information MRP: Material Resource Planning PO: Purchasing Order(it's a contract) Sourcing process---4 basic steps: Identify needs, select suppliers, develop supplier, manage supplier...
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466 Lecture 2 - impact: Leverage Items: e.g. oil gasoline,...

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