CAI 121 Product Id & Purchasing Unit 1 Lecture
In this unit we will examine the purchasing function and the steps that need to be taken in order to reach the optimal goals of selection and procurement. We will discuss the policies and procedures that will help to assure that you are doing everything that needs to be done to maximize the value of the operation. This unit will highlight the factors that affect the availability of product and the importance of product specifications and consistency. As we continue in the unit, we will look at the different type of vendors and how to build long-lived profitable relationships with the right vendors. The various purchasing options and the distribution channel will be examined.
To be a successful purchasing agent you need to have several characteristics and skills. The most important characteristic of all is being ethical. You must choose to do the right thing at all times. You must not put money first. You must put your specifications and standards first. If you cut the wrong corners, it will cost you. Develop relationships with the right vendors instead of chasing deals here and there. The right relationships will pay off for a long time. Remember, integrity is doing the right thing even when no one is watching. Do what you say you are going to do. It takes a lifetime to build a …show more content…
You should create a policies and procedures manual as a guide for your team. The guide should be clear and concise, and updated on a regular basis. When creating your policies and procedures manual some things to consider include your operation’s product specifications, criteria for choosing vendors, who is allowed to negotiate and sign a purchase order with vendors, and which departments have the authority to order directly with vendors. Once your manual is developed, your staff must be trained to adhere to the policies and procedures every
In this unit we will examine the purchasing function and the steps that need to be taken in order to reach the optimal goals of selection and procurement. We will discuss the policies and procedures that will help to assure that you are doing everything that needs to be done to maximize the value of the operation. This unit will highlight the factors that affect the availability of product and the importance of product specifications and consistency. As we continue in the unit, we will look at the different type of vendors and how to build long-lived profitable relationships with the right vendors. The various purchasing options and the distribution channel will be examined.
To be a successful purchasing agent you need to have several characteristics and skills. The most important characteristic of all is being ethical. You must choose to do the right thing at all times. You must not put money first. You must put your specifications and standards first. If you cut the wrong corners, it will cost you. Develop relationships with the right vendors instead of chasing deals here and there. The right relationships will pay off for a long time. Remember, integrity is doing the right thing even when no one is watching. Do what you say you are going to do. It takes a lifetime to build a …show more content…
You should create a policies and procedures manual as a guide for your team. The guide should be clear and concise, and updated on a regular basis. When creating your policies and procedures manual some things to consider include your operation’s product specifications, criteria for choosing vendors, who is allowed to negotiate and sign a purchase order with vendors, and which departments have the authority to order directly with vendors. Once your manual is developed, your staff must be trained to adhere to the policies and procedures every