1.Sourcing & Procurement slides.pptx 123
- 1. Compiled by Muhammad Wasim Compiled by Muhammad Wasim 1
- 2. CourseTimeline 2 Compiled by Muhammad Wasim Unit Topic Hours Date Activity 1 Procurement and Best Business Practices 3 Sep 13, 2023 Lecture/Discussion 2 Sourcing Management 3 Sep 20, 2023 Lecture/Discussion 3 Case Studies, Quiz, Assignment 3 Sep 27, 2023 Lecture/Discussion 4 Selecting Suppliers and Measuring Performance 3 Oct 04, 2023 Lecture/Discussion 5 Contract Administration 3 Oct 11, 2023 Lecture/Discussion 6 Assignment, Case Study 3 Oct 18, 2023 Lecture/Discussion 7 Revision, Quiz 3 Oct 25, 2023 Lecture/Discussion Review and Mid Term Oct 01, 2023 Mid Term/Review 8 Negotiations 3 Nov 08, 2023 Lecture/Discussion 9 Financial Decisions for Sourcing 3 Nov15, 2023 Lecture/Discussion 10 Procurement Internal Relationships 3 Nov22, 2023 Lecture/Discussion 11 Case Study Quiz, Assignment 3 Nov29, 2023 Lecture/Discussion 12 Strategic Planning for Procurement 3 Dec 06, 2023 Lecture/Discussion 13 Presentation 3 Dec 13, 2023 Lecture/Discussion 14 Review, Presentation 3 Dec 20, 2023 Lecture/Discussion Finals Final exam/Review Course Methodology Class lectures in form of presentation and interactive discussions/ participation One session is dedicated for a seminar/discussion related to project management by field professionals Practical examples and selected case studies will be shared to facilitate better learning RecommendedBooks: “The Procurement and Supply Manager’s Desk Reference” 2nd Edition By Fred B. Sollish, C.P.M, John Semanik, C.P.M.
- 3. Compiled by Muhammad Wasim
- 4. Procurement & Best Business Practices • Understanding Procurement & Conveying Requirement • Creating Strategic Plans and Tactics • Findings Innovative Methods and Exploring Alternatives • Alternatives & Internal Cost-Related Analysis • Tools &Keeping Supplier Information.
- 5. Understanding and Conveying Requirements Material or Service Specification Statement of Work (SOW) Time of Performance Price and Payment Terms Shipping Destination, Methods & Terms
- 6. Creating Strategic Plans and Tactics • Finance • Manufacturing and Operations • Sales and Marketing • Supply Management
- 7. Findings Innovative Methods and Exploring Alternatives New ERP system (shifting to better module) Cloud ERP More EDI Vendors in system Purchasing more from distribution or ask distribution
- 8. Providing Procurement Services • Zones LLC • PCM • Insight • CDW • PC Connection • PCM
- 9. Accepting Orders • Orders Approval and Authority • Types of Purchase Requests • Requisitions • Catalog Ordering • Electronic Data Interchange (EDI) • MRP & System-Generated Orders
- 10. Placing Orders Ordering Formats Standards Purchase Orders Blanket Purchase Orders Contracts Procurement Cards or Credit Card System-Generated Orders Placement Priority FIFO Priority System Cycle Time
- 11. Internal Control Systems Purchasing Approval Invoice payment approval. Bookkeeping/financial records management Inventory Management
- 13. Internal Cost-Related Analysis Tools • Direct Cost • Indirect Cost • Overhead • Total Cost of Ownership
- 14. Internal Cost-Related Analysis Tools Accounting System Utilizing Financial Tools Return on Investment (ROI) Return on Total Assets/Return on Assets Net Operating Margin Current Ratio Quick Ratio
- 15. Keeping Supplier Information Confidentiality Business Reports Sample & Returns
- 16. Hold # … Before Hold# … After Hold#