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purchasing
| Question | Answer |
|---|---|
| Planning processes help you use resources to generate and fill demand to meet your financial plan | first step in score |
| Sourcing processes help you build an effective sourcing and select the best suppliers | second step in score |
| Make: production processes help you transform inputs into a finished product that customers value | third step in the score |
| Deliver: logistics processes help you manage inbound delivery of materials--both inbound and outbound. | fourth step in a score |
| Return processes help you manage the return of products for any reason. | the fifth step in score |
| Enabling processes help you support plan source make deliver return value activities. | the sixth step in score |
| The first right of purchase: _______ the right material | obtaining |
| The second right of purchase: in the right | quantity |
| The third right of purchase: at the right | time |
| The fourth right of purchase: for delivery to the right | place |
| The fifth right of purchase: from the right | supplier which is most important |
| The sixth right of purchase: with the right | service |
| The seventh right of purchase: at the right | price |
| It is the amount of extra sales dollars needed to have the same impact of $1 saved by purchasing's cost-cutting efforts. | Profit leverage effect |
| $1 saved by purchasing is an additional $1 operating profit. An additional $1 increased sales only increases profit by the operation profit percentage. | Why is the profit leverage effect so high? |
| Direct or raw materials: direct inputs to you firm's final | product or service |
| materials that do not go directly into the product, but facilitate its creation. | Indirect materials |
| aggregation of requirements & leverage, economies of scale/learning, standardization, duplication, more effective supply strategy, fewer suppliers, closer relationships with key suppliers, talent development. | centralized structure advantages |
| increased bureaucracy, reduced flexibility, slower than decentralized. | centralized structure disadvantages |
| more responsive to local needs. better understanding of local requirements, closer relationship with internal customers, more effective use of local suppliers, better risk assessment and response. | decentralized structure advantages |
| leads to duplication, reduces leverage, more costly than centralized | decentralized structure disadvantages |
| Ensure that any personal business and other activities do not conflict with the lawful interests of your employer. | conflict of interest |
| Avoid improper reciprocal agreements | reciprocity |
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