procurement1 Flashcards
systemic exchange between seller and buyer to obtain goods/services, includes determining types products needed, making purchase, receiving/storing shipment, administering purchase contracts
procurement
activity concerned with acquisition of products, food and nonfood
purchasing
purchaser’s responsibilities?
assure products/services available when needed, keep supplier relationships good, using purchasing practices that yield best value, develop policies/procedures
skillls of purchasing managers?
interpersonal, customer focus, decision making, negotiation, analytical, managing change, conflict resolution, prob solve, influence/persuasion, computer literacy
this type of purchasing department expects manager to manage expenses while creating profit, assigned both revenue and expense responsibilities
profit centre
purchasing department expect manager manage expenses but not gen. profit
cost centre
examples of cost centre?
school, hospital
medium thru which transfer of ownership of product occurs from producer to consumer
market
food processing and distribution system beginning with grower of raw products, ending at consumption
marketing channel
examples of wholesalers/brokers?
Costco, superstore
examples when distributors not needed?
manufacturer rep instead, like President’s Choice
examples of suppliers?
SYSCO
what are trends influencing purchasing decisions?
continuous quality improvement, technology, distributors changing product line, increased use of prepared food (reverse now), local and sustainable, tapas
what does Canadian federal or provincial inspection stamp signify?
doesn’t mean the product is Canadian, just mean it has been inspected and approved at Canadian plant
product selection techniques?
value analysis, make or buy