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Roles of Procurement_FINAL
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Transcript of Roles of Procurement_FINAL
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3/19/12
Roles of Procurement
Presentation by
Aayush ThakralAhana ChakravaryAbhinav SharmaAshish BankaAnshuman ChoudhuryBhuvan Maru
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Traditional belief about procurement:-
Procurements primary role is to obtaingoods and services in response to internalneeds
Procurement has a far more important role
Integral part of a company strategy
Introduction
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Support operational RequirementsManage the Purchasing process efficiently
and effectively
Supply base managementDevelop strong relationship with otherfunctional groups
Support Organizational goals & objectives
Develop integrated purchasing strategies
Roles of procurement
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Roles interchangeably used with PurchasingUnderstand business requirementsBuy products and services
At the right price From the right source At the right specification that meets users needs In the right quantity For delivery at the right timeTo the right internal customer
Support OperationalRequirements
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Internal customers of purchasing include:o Manufacturingo Physical distribution centerso
Engineering and technical groupso Research and developmento Information technologyoTransportation and other services
Support OperationalRequirements (Cont.)
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Management of thePurchase Process
Purchasing must manage its internaloperations efficiently and effectively.
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How it can be achieved
Leadership of procurement for theorganization
Ownership and accountability for sourcingprocesses
Communication of purpose, process and payoff
Collaboration and partnering
Teamwork
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Supply BaseManagementIt is a process involving the selection,
maintenance and development of supplier.Supply base management is the art of
getting the most out of suppliers byproviding insights into supplier selection,
oversight and development.Results in reduction in cost and strong
supplier relationships
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Functions of Supply BaseManagement
To ensure that current suppliers arecompetitive.Identify new suppliers who has the potential
for excellence performance and develop
close relationship with these suppliers.Improve and develop existing suppliers who
are not competitive
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Develop strong relationship with otherfunctional groups
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Procurement objectives should be aligned toorganizational goals
It should not function as a separate entityTimely evaluation of governance structure
fora) Balanced decision making
b) Transparency
Governance should be designed such that itensures timely flow of information
Organizational Goals andObjectives
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Effective purchasing strategies involve: Monitoring supply markets and trends (e.g.,
material price increases, shortages, changes insuppliers) and interpreting the impact of these
trends on company strategies Identifying the critical materials and services
required to support company strategies in keyperformance areas, particularly during newproduct development
Developing supply options and contingencyplans that support company plans
Supporting the organizations need for a diverseand globally competitive supply base
Role: Develop integratedpurchasing strategies