Purchasing Articles

What Are The Tools To Be Employed For Lean Thinking

Part Three of a Three-Part SeriesLEAN FLOW COLLABORATION:This article is the third (3rd) article of three (3). The titles are: WHAT IS TRADITIONAL VS. LEAN THINKING IN PROCUREMENT? LEAN FLOW COLLABORATION WHAT ARE THE T [...]

Lean Flow Collaboration

Part Two of a Three-Part SeriesLEAN FLOW COLLABORATION:This article is the second (2nd) article of three (3). The titles are: WHAT IS TRADITIONAL VS. LEAN THINKING IN PROCUREMENT? LEAN FLOW COLLABORATION WHAT ARE THE TOOLS TO BE EMPLOYED FO [...]

What is Traditional Vs Lean Thinking in Procurement?

Part One of a Three-Part SeriesIntroductionThis will be the initial article of three (3). The titles are:WHAT IS TRADITIONAL VS. LEAN THINKING IN PROCUREMENT?LEAN FLOW COLLABORATIONWHAT ARE THE TOOLS TO BE EMPLOYED FOR LEAN THINKINGTraditio [...]

Problem Solving - Root Cause Analysis

INTRODUCTION:This is the third article of three (3). The titles of the three (3) articles are: THE FIVE (5) STEP MODEL; BRAIN STORMING METHODOLOGY; ROOT CAUSE ANALYSIS. The third and final article in this series focuses on the ROOT CAUSE AN [...]

The Role of Purchasing in the Accounting Industry: An Overview

Buying is a significant part of an organization's daily accounting. Purchasing is about getting the goods and services an organization needs to run well. Buying something is a complicated process that involves a lot of different people and [...]

Global Procurement Best Practices - Risk Management and Inventory Optimization

RISK MANAGEMENT:There is much literature existing about RISK MGT. However, I have found the following to be useful in providing a concise view of such:RISK is a potential situation for unwanted negative consequences from various eventsRESIL [...]

Global Procurement Best Practices - Procurement, Cost and Leveraging Technology

PURCHASING and COST:There are various costs associated with Purchasing – directly or indirectly incurred:Purchasing Process cost factors:Acquisition costCreate a PO, review & approvalProblem resolution, expeditingReceiving and inspectio [...]

Global Procurement Best Practices - Employing Collaboration Via Strategic Sourcing

COLLABORATION VIA STRATEGIC SOURCING:This article is the second (2nd) of four (4). The titles are:TODAY’S ISSUES & ENTERPRISE ALIGNMENTEMPLOYING COLLABORATION VIA STRATEGIC SOURCINGPROCUREMENT, COST & LEVERAGING TECHNOLOGYRISK MANAG [...]

Global Procurement Best Practices - Today's Issues and Enterprise Alignment

INTRODUCTION:This will be the initial article of four (4). The titles are:TODAY’S ISSUES & ENTERPRISE ALIGNMENTEMPLOYING COLLABORATION VIA STRATEGIC SOURCINGPROCUREMENT, COST & LEVRAGING TECHNOLOGYRISK MANAGEMENT & INVENTORY OPT [...]

Vendor/Supplier Managed Inventory: How to Maintain the Results

MAINTAINANCE:This article will address the following points that will necessitate us to take action to ensure continuity of successful performance.Conditions and situations will develop. They include technology, leadership, costs, and pe [...]