X hits on this document

Powerpoint document

The slides are in the following order - page 43 / 64

120 views

0 shares

0 downloads

0 comments

43 / 64

Order routine

specification

Buyers negotiate the final order with the selected

suppliers, and details the tech. specs., the quantity

the delivery time, return policies, warranties etc.

For maintenance and repair items , firms are moving

towards a blanket contract that establishes a long run

relation. Such contracts are called stockless

purchase plans as the stock is held by the supplier

Long run contracts are also agreed upon in case of

shortage raw materials / inputs so that there is a

steady flow of material. In many cases the supplier

locates his factory near the buyer for bringing down

inventory and transport costs.

Vendor managed inventory is when the responsibility

rests with the vendor for maintaining inventory

Important parameters to see are OT – deliver on time

IF – in full, NE – No error

Document info
Document views120
Page views120
Page last viewedSat Oct 29 00:02:22 UTC 2016
Pages64
Paragraphs743
Words3679

Comments