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Descrição
Mapa Mental por Rhianna Nicoll, atualizado more than 1 year ago
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Criado por Rhianna Nicoll
mais de 6 anos atrás
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3.2 The role of procurement
- Keywords
- Just in case (JIC) production
Anotações:
- Holds stocks just in case there is a delay fro, supplies or a sudden unexpected increase in demand
- The supply
chain
Anotações:
- All businesses, people and activities that take part in the production processes form the start until it gets to the customer
- Purchasing economies of
scale
Anotações:
- When the cost per unit falls if large orders are placed with supplies due to a bulk discount
- Logistics
Anotações:
- The movement of goods, services, information and money throughout the production process
- How it is physically delivered
- Procurement (or purchase)
Anotações:
- Selecting suppliers, establishing the terms of payment and negotating the contract
- How it is purchased
- Lean production
Anotações:
- An approach to production that aims to minimize waste
- Just in case (JIC) production
- Managing stocks
- Stocks include materials needed every day
e.g. raw materials, paper and partly finished
products
- Stock is a business cost and are needed to operate and
make goods, e.g. allows a butcher to show the range
of meat on offer
- Stock has an opportunity cost, instead of investing in it
the money could be used for other purposes e.g. paying
bills or earning interest
- Stock that is unsold may be reduced to encourage customers
to buy or may be wasted, which means the business makes
less profit. e.g. Fruit that isn't sold by sell date is thrown away
- Stocks include materials needed every day
e.g. raw materials, paper and partly finished
products
- Just in case stock control where a business holds enough
stock for a possible increase in production or sales
- Benefits
- The business can buy stock in bulk leading to
lower prices, fewer deliveries and lower
costs, called purchasing economies of scale
- The business can buy stock in bulk leading to
lower prices, fewer deliveries and lower
costs, called purchasing economies of scale
- Drawback
- The approach can lead to higher costs for
storage and wasted stock, potentially
lowering profits
- The approach can lead to higher costs for
storage and wasted stock, potentially
lowering profits
- Benefits
- Just-in-time
- Advantages
- Low stock holding costs as it minimizes stock held
- Doesn't need as much space for stock
- Less danger of theft or having to reduce price to sell
the stock
- Low stock holding costs as it minimizes stock held
- Disadvantages
- Buy small quantities so less likely to get bulk discount (economies of
scale); more transport cost for more frequent deliveries
- At risk if there are difficulties with delivery/suppliers
- Buy small quantities so less likely to get bulk discount (economies of
scale); more transport cost for more frequent deliveries
- Advantages
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