Supplier Operations

What is supplier Procurement?

• All of the Above

• refers to all activities needed to provide the customers with ordered products. Distribution consists of transportation, storage and sales services.

• includes all activities connected to purchasing, transportation and storing of the raw materials needed.

• Adds value to processes that transform the raw materials and components into final products according to satisfy customers’ needs

What is manufacturing production?

• includes all activities connected to purchasing, transportation and storing of the raw materials needed.

• Adds value to processes that transform the raw materials and components into final products according to satisfy customers’ needs

• All companies involved in particular

  supply chain operations like:

  suppliers, manufacturers, distributors(DCs),

  retailers, third part logistics carriers (3PLs).

• planning, coordinating, controlling and correcting of all activities within supply chain connected with flow of materials, information and money.

What is Distribution?

• All companies involved in particular

  supply chain operations like:

  suppliers, manufacturers, distributors(DCs),

  retailers, third part logistics carriers (3PLs).

• refers to all activities needed to provide the customers with ordered products. Distribution consists of transportation, storage and sales services.

• Adds value to processes that transform the raw materials and components into final products according to satisfy customers’ needs

• includes all activities connected to purchasing, transportation and storing of the raw materials needed.

What is supply chain management?

• planning, coordinating, controlling and correcting of all activities within supply chain connected with flow of materials, information and money.

• refers to all activities needed to provide the customers with ordered products. Distribution consists of transportation, storage and sales services.

• Adds value to processes that transform the raw materials and components into final products according to satisfy customers’ needs

• includes all activities connected to purchasing, transportation and storing of the raw materials needed.

Who are the participants for supply chain?

• Suppliers

• Manufacturers

• Distributors

• Retailers

What is FIFO?

• A document prepared by the seller, on behalf of the carrier, that specifies the shipment’s point of origin, the details of the transacting parties (the buyer and seller), the route, and the destination address.

• First in, first out is a method of cost lot tracking where items are valued and sold in the order they were purchased.

• are sold first. It works exactly opposite to FIFO.

• Just-in-time is an inventory optimization method where every batch of items arrives ”just in time” to fulfil the needs of the next stage, which could be either a shipment or a production cycle. 

What is LIFO?

• Last in, first out is a method of cost lot tracking where your most recent purchases are sold first. It works exactly opposite to FIFO.

• First in, first out is a method of cost lot tracking where items are valued and sold in the order they were purchased.

• Just-in-time is an inventory optimization method where every batch of items arrives ”just in time” to fulfil the needs of the next stage, which could be either a shipment or a production cycle. 

• A document prepared by the seller, on behalf of the carrier, that specifies the shipment’s point of origin, the details of the transacting parties (the buyer and seller), the route, and the destination address.

Reorder the following

• Rank the Scoreboard

• Create supplier Selection Scoreboard

• Negotiate

• Identify Suitable suppliers

• Create a contract

Process in supplier criteria:

• •Any constraints –government regulations, contracts already in place etc.

• •Value you get from supplier

• Supplier characteristics

• •Applicable business policies

Match the following

• Once an agreement is reached, a purchase order is sent, a contract is created and signed.

• Create Contract

• Once you have a priority list, Begin the negotiations!

• Identify Suitable Suppliers

• •Select the highest ranking supplier

  •Choose more than one for further qualification

• Scorecard Ranking

• •Current suppliers

  •Past suppliers

  •Recommendations and prior business relationships

  •Internet

• Negotiate