PROCUREMENT MANAGEMENT
BY
Nur Syariz Bin Rizal | DPM5A
Nurfariza Hanim Binti Zulkefli | DPM5A
Wan Nur Arina Binti Wan Zubaidi | DPM5A
Nur Hamira Binti Hamdan | DPM5A
Muhammad Ariff Bin Zamri | DPM5A
Introduction
Procurement can be define as is the acquisition of goods or services in supply chain management. It is the goods or services that are very favourable and appropriate. Besides, they are procured at the best cost to meet the needs of the purchaser in terms of quality and quantity, time, and location that specified. The factors of purchasing are delivery and handling, benefit, and pricing and buying decisions under conditions of scarcity limited resources. Procurement can be simple purchasing arrangement with a supplier that may also …show more content…
This purchase usually had been done in large quantity which is acquired from a bunch of suppliers at the best possible prices, quality and reliability. These purchase is made frequently. As example, a baker buying a pack of flour to make bread. If this process are stop functioning, the company will no longer able to produce the goods and create money. Importantly, direct company is likely as a branch of manufacturing.
1.2 Indirect Procurement Indirect procurement is an act of getting services or supplies to keep the business alive from a day to day. A way of defining indirect procurement is that it does not involved in production such as repairing machinery, buying the office utensil, or getting services. Without direct procurement, the business cannot perform in effective ways. Historically, indirect procurement is about 15 – 17 % includes of a company’s …show more content…
This diagram below show the stages in procurement process for the company to follow from identifying the needs of a company until the final stages. By following the stages, the management of a company can successfully achieve the company’s goal without complication. beside
Procurement management starts with figuring what a company needs to achieve its long-terms business goal. This could be done by meeting with company executives and stakeholders besides all stakeholders have their own specific needs with regards to procurement management.
The procurement department will always stay alert of what is needed to satisfy the needs of internal and as well as external customers. Once this is done, they will formulating findings into a document. These guidelines will be procurement policy that will help company to execute the plan.
The business goals and objectives are the main factors to make a smooth procurement management that will helps the company to achieve its goals or objectives. The goals help the company in identifying the solution in making better procurement management.
2.1.1 Stakeholder
BY
Nur Syariz Bin Rizal | DPM5A
Nurfariza Hanim Binti Zulkefli | DPM5A
Wan Nur Arina Binti Wan Zubaidi | DPM5A
Nur Hamira Binti Hamdan | DPM5A
Muhammad Ariff Bin Zamri | DPM5A
Introduction
Procurement can be define as is the acquisition of goods or services in supply chain management. It is the goods or services that are very favourable and appropriate. Besides, they are procured at the best cost to meet the needs of the purchaser in terms of quality and quantity, time, and location that specified. The factors of purchasing are delivery and handling, benefit, and pricing and buying decisions under conditions of scarcity limited resources. Procurement can be simple purchasing arrangement with a supplier that may also …show more content…
This purchase usually had been done in large quantity which is acquired from a bunch of suppliers at the best possible prices, quality and reliability. These purchase is made frequently. As example, a baker buying a pack of flour to make bread. If this process are stop functioning, the company will no longer able to produce the goods and create money. Importantly, direct company is likely as a branch of manufacturing.
1.2 Indirect Procurement Indirect procurement is an act of getting services or supplies to keep the business alive from a day to day. A way of defining indirect procurement is that it does not involved in production such as repairing machinery, buying the office utensil, or getting services. Without direct procurement, the business cannot perform in effective ways. Historically, indirect procurement is about 15 – 17 % includes of a company’s …show more content…
This diagram below show the stages in procurement process for the company to follow from identifying the needs of a company until the final stages. By following the stages, the management of a company can successfully achieve the company’s goal without complication. beside
Procurement management starts with figuring what a company needs to achieve its long-terms business goal. This could be done by meeting with company executives and stakeholders besides all stakeholders have their own specific needs with regards to procurement management.
The procurement department will always stay alert of what is needed to satisfy the needs of internal and as well as external customers. Once this is done, they will formulating findings into a document. These guidelines will be procurement policy that will help company to execute the plan.
The business goals and objectives are the main factors to make a smooth procurement management that will helps the company to achieve its goals or objectives. The goals help the company in identifying the solution in making better procurement management.
2.1.1 Stakeholder