purchasing and supply chain management lecture notes

... Trang 1Purchasing and Supply Chain Management 3rd edition 1 Chapter 1: Purchasing and supply chain management Purchasing and Supply Chain Management, 3rd edition, Copyright © 2013,  ... large in both relative and absolute terms. 4 Materials­related costs Trang 5Integrated Purchasing and Supply Management (ISM) 5 ISM Fundamentals of  Purchasing and  Supply  Management Purchasing  Administration ... Shifting focus from labor to supply chain 2 Trang 3 Changes in Purchasing Function’s  Environment Need to understand the relationship between the  purchasing function and other functional areas!

Ngày tải lên: 02/03/2020, 13:54

... Link the competitive strategy with the purchasing policy Trang 3Components of Purchasing Strategy • Purchasing actions are determined by  • the firm’s competitive priorities • its resource capabilities • the environment • Purchasing strategy must consider  ... Trang 10• The purchasing function must be integrated into the  firm’s overall strategic plan. • A strategic sourcing plan requires: • A complete understanding of corporate strategies and marketing  ... organization’s strengths and weaknesses • competitive environment Trang 4ExampleTrang 5• Must reflect firms’ competitive priorities • Cost priority • high priority to purchasing costs • Flexibility priority

Ngày tải lên: 02/03/2020, 13:55

... Trang 1Purchasing and Supply Chain Management 3rd edition 1 Chapter 4: Materials Management Purchasting and Supply Chain Management, 3rd edition, Copyright 2013 W.  Trang 2Materials Management ... Purchasting and Supply Chain Management, 3rd edition, Copyright 2013 W.  Trang 2Materials Management • The purpose of materials management • To support the transformation of raw materials and component  parts into shipped or finished goods 2 Trang 31. Pipeline inventories  ... A link or pipeline that facilitates the flow of  information and materials moved • The Trade­off  • Speed, reliability, inventory, and cost 4 Trang 5• Activities • Order preparation by Customer

Ngày tải lên: 02/03/2020, 13:55

... Inventory Management Trang 2• Independent demand  • Dependent demand Trang 3Decoupling stocks Trang 4ABC ClassificationTrang 5ABC Analysis CurveTrang 6• EOQ is the optimal lot size for purchasing ... 8Reorder Point (ROP)Trang 91 Demand is continuous at a constant rate 2 Constant lead time 3 Constant unit price Fixed­order cost per order Trang 106 Instantaneous replenishment 7 No shortages allowed 8 No demand uncertainty ... Relaxation  • A probability distribution of demands Trang 12(cont.) • Safety stock • Extra inventory carried to protect against stocking out because of  demand uncertainty • What is the appropriate level of safety stock to carry?

Ngày tải lên: 02/03/2020, 13:56

... Trang 1Purchasing and Supply Chain Management 3rd edition 1 Chapter 7: Purchasing Procedures, E­Procurement, and Systems Contracting Purchasing and Supply Chain Management, 3rd edition, Copyright 2013, W.  ... Procuring items for resale 3 Trang 4routine. Trang 5Purchasing Tools 5 Trang 6• A negotiated agreement between buyers and sellers including: Trang 7Purchasing Tools 7 Trang 8• Inventory and purchase costs • Total cost of implementing these systems ... in the right quantities • at the right time and price • from the right source. confidence among all parties. Trang 3General Definitions • Buying goods and services for use by the buying organization

Ngày tải lên: 02/03/2020, 13:57

... Trang 1Purchasing and Supply Chain Management 3rd edition 1 Chapter 9: Strategic Outsourcing Purchasing and Supply Chain Management, 3rd edition, Copyright  © 2013,  ... governmental laws, regulations, and even local  business customs • Includes: • Legal expenses incurred to learn about a foreign  location’s laws and regulations • Lobbying efforts and travel Trang 137. Supply Chain Risk Management ... Costs of relationship  • At least 3~10% of the annual contract value • High labor and travel expenses of purchasing personnel • IT infrastructure and management costs • Supplier development programs costs Trang 93. Internal Coordination

Ngày tải lên: 02/03/2020, 13:58

... Trang 1Purchasing and Supply Chain Management 3rd edition 1 Chapter 10: Global Sourcing Purchasing and Supply Chain Management, 3rd edition, Copyright 2013, W.  ... Costs not directly involved with the product fees, and others • Costs not incurred if a domestic source were found costs, etc. • Costs common to both global and domestic sourcing Trang 4Currency Exchange Rates ... Hazardous working conditions 5 Trang 6Offshore Sourcing Analysis from global sourcing. 6 Trang 7Freight and Duty Costs Estimation Example 7 Trang 8Global Provider Opportunism destroying role in global outsourcing relationships:

Ngày tải lên: 02/03/2020, 13:58

... Trang 1Purchasing and Supply Chain Management 3rd edition 1 Chapter 11: Supply Partnerships and Supply Chain Power Purchasing and Supply Chain Management, 3rd edition, Copyright 2013, All  ... 2The Win­Win Partnership Dyad • Buyer and supplier share goals and risks through: • Joint planning and control • A supply chain with increased information flow and enhanced  loyalty • The result for both firms:  ... Non­mediated power: Compliance and Cooperation • A true supply chain partnership requires cooperation  rather than compliance 10 Trang 11Power and Conflict • Conflict • When one supply chain member hinders goal attainment and 

Ngày tải lên: 02/03/2020, 13:58

... Trang 1Purchasing and Supply Chain Management 3rd edition 1 Chapter 12: Total Quality Management (TQM) and Purchasing Purchasing and Supply Chain Management, 3rd edition, Copyright 2013, W.  ... Field failure and reliability requirements • Warranty agreement • Urgency to solve problems Trang 8Manufacturing Process Control • Reactive and expensive • Select production samples and examine for defectives ... Include suppliers in the new product development process Trang 6TQM Implementation Failures • Lack of a quality focus throughout the supply chain • Lack of a sense of urgency for change throughout the buying  organization • Lack of a strategic plan for change

Ngày tải lên: 02/03/2020, 13:59

... Trang 1Purchasing and Supply Chain Management 3rd edition 1 Chapter 13: Price Determination Purchasing and Supply Chain Management 3rd edition, Copyright 2013 W.  ... The difference between the price of the job and the costs to build  a job • Includes overhead and profit • Refers to profit alone • A job costs times a factor that covers direct costs, overhead  cost, and profit • Gross margin and markup are not the same ... Purchasing and Supply Chain Management 3rd edition, Copyright 2013 W.  C. Benton Jr.  All rights reserved Trang 2Contents • The Purchasing Decision and Purchasing Professional • Price • Cost  • Cost Structure Analysis • The Negotiation Process 

Ngày tải lên: 02/03/2020, 13:59

... Trang 1Purchasing and Supply Chain Management 3rd edition 1 Chapter 14: Bargaining and Negotiations Purchasing and Supply Chain Management, 3rd edition, Copyright 2013, W.  ... Examines the effect of the contingency compensation on  both buyers and sellers • Situation • An agreement has to be reached on the specifications of the  product to be bought and the money to be paid • Both the seller and the buyer can make concessions ... Contingent rewards make a difference in negotiation outcomes 2 Purchasing organizations need to be aware of the  salesperson’s reward system 3 Management must develop stronger contingencies to  encourage purchasing effectiveness

Ngày tải lên: 02/03/2020, 14:00

... Trang 1Purchasing and Supply Chain Management 3rd edition 1 Chapter 15: Purchasing Transportation Services Purchasing and Supply Chain Management 3rd edition,  Copyright 2013 W.  ... Inter­modal transportation (ocean, rail, truck) 4 2012 Trang 5Transportation and Purchasing Management • Purchasing’s role in transportation: • Facilitates the movements of raw materials and component parts  from suppliers through the firm’s manufacturing process to the  ... Each of the modes has specific operating and cost  characteristics • e.g., cost, reliability, and speed • The buying professional must evaluate the trade off  between characteristics and select the most appropriate 

Ngày tải lên: 02/03/2020, 14:00

... Trang 1Purchasing and Supply Chain Management 3rd edition 1 Chapter 16: Equipment Acquisition and Disposal Purchasing and Supply Chain Management 3rd edition, Copyright 2013 W.  ... A department requests equipment replacements and expansions • Involves the plant manager or the executive in charge of the  department 2 Company Goals And Objectives  • To compare the acquisition request with the overall long­run  ... Capital projects categories: • Replacements • Increase quality, reduce operating expense, and provide more  efficiency • Expansion (new products) • Expand into a newly introduced product line • Expansion (existing products)

Ngày tải lên: 02/03/2020, 14:00

... 11Money Flows Related to GPOsTrang 12Management (cont.) • Areas of opportunity in supply management: • Supply chain planning • Product management • Sourcing and contracting • Distribution and inventory management • ... 13rd edition Chapter 17: Health Care Purchasing and Supply Management Trang 2• Inventory control  • The DRG System and Operating Cost  • Health Care Supply Chain   • Group Purchasing Organization (GPO)  ... To maximize supply service consistent with maximum  efficiency and optimum inventory investment  2. To provide a cushion between the forecasted and actual  demand Trang 5• Inaccurate demand estimations 

Ngày tải lên: 02/03/2020, 14:01

... Trang 1Purchasing and Supply Chain Management 3rd edition 1 Chapter 1: Purchasing and supply chain management Purchasing and Supply Chain Management, 3rd edition, Copyright © 2013,  ... large in both relative and absolute terms. 4 Materials­related costs Trang 5Integrated Purchasing and Supply Management (ISM) 5 ISM Fundamentals of  Purchasing and  Supply  Management Purchasing  Administration ... Shifting focus from labor to supply chain 2 Trang 3 Changes in Purchasing Function’s  Environment Need to understand the relationship between the  purchasing function and other functional areas!

Ngày tải lên: 05/11/2020, 03:41

... Trang 1Purchasing and Supply Chain Management 3rd edition 1 Chapter 4: Materials Management Purchasting and Supply Chain Management, 3rd edition, Copyright 2013 W.  Trang 2Materials Management ... Purchasting and Supply Chain Management, 3rd edition, Copyright 2013 W.  Trang 2Materials Management • The purpose of materials management • To support the transformation of raw materials and component  parts into shipped or finished goods 2 Trang 31. Pipeline inventories  ... A link or pipeline that facilitates the flow of  information and materials moved • The Trade­off  • Speed, reliability, inventory, and cost 4 Trang 5• Activities • Order preparation by Customer

Ngày tải lên: 05/11/2020, 03:42

... Inventory Management Trang 2• Independent demand  • Dependent demand Trang 3Decoupling stocks Trang 4ABC ClassificationTrang 5ABC Analysis CurveTrang 6• EOQ is the optimal lot size for purchasing ... 8Reorder Point (ROP)Trang 91 Demand is continuous at a constant rate 2 Constant lead time 3 Constant unit price Fixed­order cost per order Trang 106 Instantaneous replenishment 7 No shortages allowed 8 No demand uncertainty ... Relaxation  • A probability distribution of demands Trang 12(cont.) • Safety stock • Extra inventory carried to protect against stocking out because of  demand uncertainty • What is the appropriate level of safety stock to carry?

Ngày tải lên: 05/11/2020, 03:42

... Organizations Purchasing? 26 What Are the Potential Opportunities for Purchasing and Supply Chain Management Initiatives? 29 vii viii The F100 Engine Purchasing and Supply Chain Management ... manufacturer Project AIR FORCE Product and Service Code Purchasing and Supply Chain Management Purchasing and Supply Management Pratt & Whitney research, development, and technical evaluation U.S Air ... purchasing and supply management of jet engines would lead to noticeable improvements in equipment cost and performance throughout the service xiii xiv The F100 Engine Purchasing and Supply Chain Management...

Ngày tải lên: 17/02/2014, 22:20

... research and its relevance to commercial and Air Force purchasing activities The monograph assumes some basic understanding of purchasing and supply management practices, but it also defines terms and ... study entitled “Best Practices for Purchasing and Supply Chain Management: Developing Effective Market Research Methods and Proactive Supply Strategies for Low Demand Items,” sponsored by the U.S ... related RAND publications: iii iv Implementing Purchasing and Supply Chain Management: Best Practices in Market Research • Air Force Service Procurement: Approaches for Measurement and Management, ...

Ngày tải lên: 17/02/2014, 22:20

... the chain Part b) Fine-tune the supply chain using processes such as: • test of supply chain fit • start to end focus of the chain • Simplicity test on the chain • Integrity test on the chain ... appropriate supply chain to achieve the supply chain objective, aims and mission Identify GAP requirements for product, information and monetary flows, product quality assurance, infrastructure and skills ... effective logistics and distribution, effective information and communication, and effective relationships and where GAP can be introduced and improved Step Develop new supply chains Part a) Define...

Ngày tải lên: 21/06/2014, 05:20