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Lesson 4 - Purchasing management - Supply types, type of materials and services companies buy

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We can divide the supply types into materials, services, investment, and situations. in this lesson, we will be evaluating different supply materials and purchasing situations. Learn quickly, get a job in corporate purchasing, and succeed in Supply Chain Management. Let’s check some examples. - Raw materials are commodities usually applied as an input to the production process. - Semi finished products and components include all items that went through manufacturing process before being applied in the production process. - The finished products are items that usually don’t require major processing before resale to the end customers. - The Maintenance Repair and Operating MRO items include anything that does not go directly into the final product. They are applied to support production and operations such as machine spare parts, computer, office, and cleaning supplies. - The production support items are materials the go together with the final product but are not part of them such as pallets, boxes, containers, and others. Some companies include this category in the MRO group. - and others, watch the video!! Introdutory course in Procurement Management - Lesson 4 Course info This video is part of the online course Introduction to Procurement Management for university undergraduate programs. The videos were designed to be used as a preparatory activity before classes. The course covers the following topics: • Procurement, purchasing and supply management • Strategic Supply chain and procurement • Procurement processes and purchasing types • Sourcing strategies • Supplier and vendor selection • Supplier and vendor risk assessment • Contract, RFP, RFQ, SOW, and SLA administration Author info Americo Cunha - Professor (Higher Education) Operations & Project Management, DSc, MBA, MSc MY SOCIAL MEDIA AND CONTACT MEDIA E-MAIL: [email protected] WEBSITE: www.americoelearning.com TWITTER: @AmericoBC TWITTER WEBSITE: https://twitter.com/AmericoBC LINKEDIN: https://ca.linkedin.com/in/americobc Topics covered in this video: purchasing lectures, procurement training, purchasing training, purchasing lectures, supply chain lessons, logistic training, logistic lessons, logistic lectures, supply sourcing strategy, operations management (field of study), break-even analysis, operations management lecture, business process mapping, flowcharting mapping, supply chain (field of study) MISSION STATEMENT My mission is to provide practical courses in business analysis for effective professionals. The objective is to keep the focus on the essential needs of professionals that work within short due dates and under pressure. We provide a hands-on learning process. During the courses, my students have the opportunity of developing skills such as problem-solving, critical thinking, and quali-quantitative analysis in practical business applications. My sessions started with the basics, then practice, implementation in a supporting software, and at the end, recommendations for a professional presentation. We cover the complete cycle, from the analysis to the business presentation. My background includes D.Sc. in Industrial Engineering, and MBA, and 20+ years of hands-on experience in service and manufacturing industry. My teaching differentials represent a combined approach with a deep understanding of Business Management models, real case assessments, and personal testimony from my multifaceted experience. My extensive hands-on business experience (20+ years) along with proper teaching methods has been contributing to my students’ success since my first teaching assignment 15 years ago. -~-~~-~~~-~~-~- Please watch: "RFP 101 - Request for proposal in Purchasing Management" https://www.youtube.com/watch?v=QIOR7Dnm0Uk -~-~~-~~~-~~-~-
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Text Comments (5)
A kishore (8 months ago)
Sir , on what basis negotiation will be do if only one supplier is available
Asmaa Zidan (1 year ago)
what's the difference between purchasing and supply process ?
Americo e-Learning (1 year ago)
Thanks a lot for the question. Supply chain administers corporate resources identification, acquisition, access, positioning, locations, transportation, inventory, and distribution. Purchasing is a functional group within the corporation to purchase goods and contract services to support the organization's products and processes. In several companies, but not all of them, the purchasing reports to the supply chain organization. Please check my video https://youtu.be/YrjGbxfWTxY.
Asmaa Zidan (1 year ago)
what's the difference between purchasing and supply process ?
Americo e-Learning (1 year ago)
Thanks a lot for the question. Supply chain administers corporate resources identification, acquisition, access, positioning, locations, transportation, inventory, and distribution. Purchasing is a functional group within the corporation to purchase goods and contract services to support the organization's products and processes. In several companies, but not all of them, the purchasing reports to the supply chain organization. Please check my video https://youtu.be/YrjGbxfWTxY.

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