Supply Process Tech (ch4)

Terms in this set (9)

Key Internal Stakeholders
User (internal/external customer)
Purchasing Organization (process owner)
Other Organizations (supporting process owners)
The purchasing process
Each stakeholder has goals and objectives relative to the purchase
Need to build internal consesus
-Roles/Responsibilities
-Schedule
Need for Robust SUpply Processes
Large number of stakeholders
Manage information flows
Large dollar volume involved
Severe consequences of poor performance
Variance in nature of purchasing actions
Need for an audit trail
8 Stages of Procurement Process
Recognize the Need
Develope Requirements
Identify possible sources
Supplier Selection
Purchase Order/Contract
Receive/Inspect Goods
Invoice/Payment
Update performance record
Develope Requirements
Purpose
-Recquisiton
- Statement of Work SOW
Stakeholder and supplier early involvement
Often cause of sever probs later
Why is it hard to develope reqs
Unkown or evolving
Diff between stakeholder and potential supplier
Information Asymetry
Information Asymetry
Info sets diff between buyer and seller
Types of Goods (Information Asymetry)
Search Goods (can determine quality prior to purchase)
Experience Goods (Can determine quality only during consumption)
Credence Goods (Unable to determine quality even after consumption)
Identify Possible Suppliers
RFI, RFP, RFQ. Reason: Identify qualified sources that have capabilities to meet your req.
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