purchasing Flashcards

1
Q

PURCHASE ORDER

A

It is the document by which the buyer requests goods from the seller. In this way, what we do is document our product needs.

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2
Q

PURCHASE PROCESS

A
  1. NEED SOMETHING
  2. SELECTION OF SUPPLIER
  3. REGISTER OF THAT SUPPLIER
  4. MAKE AN ORDER (PURCHASE ORDER)
  5. APPROVE THE PURCHASE
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3
Q

PURCHASE DEPARTMENT

A

Occupies a unique position due to its importance within an organization, because purchasing is one of the keys to the success of a modern production company or business that bases its work on a continuous flow of suitable materials that will be
delivered efficiently

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4
Q

function and organization of the purchasing department

A

liaison body that operates between the factory and its external suppliers.

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5
Q

Purchase planning

A

This implies a choice, for example, between the purchase of a semi-finished product or its production within the company.

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6
Q

The management of the reception of the material and its storage

A

The administrative management of what is received, for example, the control of the documentation that accompanies the goods, etc.

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7
Q

The ability to standardize and simplify purchasing management

A

Includes the analysis of the value of what is purchased.

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8
Q

Material handling

A

A constant control to see if what we have acquired meets the real needs of the company and if not, the possibility of initiating corrective actions

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9
Q

Minimizing the cost of materials

A

Material supplies of the desired quality will be purchased when necessary and at the lowest possible cost.

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10
Q

The identification of new sources of supply

A

You should always have a range of possibilities for large purchases whenever the need to resort to new suppliers arises.

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