| What is exactly Procurement? | -This is simply making sure the Goods and Services is Ordered, Delivered [Logistics] and Sold |
| What does Procurement inovlve? | -Deciding what to Have
-Deciding what Suppliers
-Terms of Payments
-Seeing the Contracts between the Business and Supplier
-Manging how Goods and Services are Ordered, and Sold
-Managing the Logistics |
| What is a Supplier? | -This is simply a Business, or Individual, that Provides Goods or Services to a Business |
| Why are Suppliers Important? | -They can Determine really the Majority of the Costs in a Business
-They can also affect the Final Quality of the Product
-They can be very Essential for Businesses that use the 'Just in Time' Method |
| Which Factors can affect the Choice of Supplier? | -Cost: The Business wants the Best Value for its Money that its Spending - doesn't mean the Best ever Quality, something that is Worth It
-Quality: If its Consistent, then Quality Risks are Lower
-Delivery: Transportation will be a Cost. The Speed and Reliability will also be Important, as if the Goods have a Date until its Rubbish [Fruit] or if it has to be Ensured that the Product gets to the Business
-Availability: Goods need to be Available when Needed, and the Supplier should Deal with Unexpected Rise
-Trust: Being Prioritised can really Affect the Relationship between them 2, as it then helps the Other Factors |
| What else can affect the Choice of Supplier? | -Government Policy
-Tradition
-Cash Flow
-Customers
... |
