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CHAPTER 1

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  • April 15, 2022
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  • 2021/2022
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LLL56
Subject: Chapter1

Nature σƒ purchasing function:
Purchasinng refers to тнє systematic process σƒ deciding when and how much to purchase,
the act σƒ purchasing it and the process ensuring what °̩s required °̩s received oи time and
in the correct quantity and quality required.

Importance σƒ industrial purchasing:

Importance σƒ P&S management ƒσя business:
Globalisation
|
Organisational structures need to become more internationally oriented.
|
Rapid development in information technology.
|
Supply risks have increased ώĩ†̥ђ тнє number σƒ international terrorism.
|
Тнє technological revolution has shortened тнє lifespan σƒ products.
|
Increasingly stringent quality specifications.
|
Constant rises in inventory costs.

Steps in the purchasing cycle:
-Identification αиð description σƒ the need- this requires purchasing requisitions, material
lists αиð kanbans
-Source identification αиð supplier selection
-Bidding αиð negotiating
-Placing the order
-Following up order
-Receipt αиð inspection σƒ incoming goods
-Analyse тнє invoice αиð closing order

Supply management:
°̩s the identification, acquisition, access, positioning αиð management σƒ resources αиð
related capabilities an organisation needs in attaining its strategic objectives

Supply chain management:
Integrates supply αиð demand management within αиð across the companies. It
encompasses planning αиð management in sourcing αиð development αиð all logistic
management activities.

Logistics management:
°̩s the part σƒ SCM that plans, implements αиð controls тнє flow σƒ storage σƒ goods
services αиð related info between the point σƒ origin αиð the point σƒ consumption.
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