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PRESENTED BY:-
PRIYANKA
CHAUDHRY(99)
AVISHEK
KUMAR(121)
NIDHI
SUYAL(88)
SAMRANA
RAO(111)
HEMANTA KR
Purchase System
Purchasing refers to a business or
organization attempting to acquire goods
or services to accomplish the goals of the
enterprise.
There are several organization that attempt
to set standards in the purchasing process,
processes can vary greatly between
organizations.
Purchasing cycle
Depends upon:-
Follow up •Criticality of item
•Urgency of need
Pre dely. shortage
•experience with supplier
•Alternative source
• Incoming receipt register
• Challan receipt given with a note
Receiving &
insepection “ subject to qty. verification &
inspection”
• Shortage/ report (discrepancy)
• GRN/ GRR/ GIN/ MIN
Storage & • GRIN/ RCIA
records
Control :-
GRIN ( duly stamped by inspection
along with qty. inspected, passed &
Invoicing & rejected with reasons)
Payment
BILL PASSING PROCEDUER
LEARNING CURVE TABLE :
Varies with different programmes.
Verification of invoice.
Objective:
To help the buyer in future source selection
To provide the buyer with information,
helpful in subsequent negotiations.
To provide the buyer with important
information which he can act upon for any
corrective measure.
Contd ….
Vendors can be rated on the basis of various
characteristics:
1.Timely delivery
2. Adherence to quality
3. Price
4. Other factors such as
a. Meet emergency orders
b. Supplying useful market
information
c. Willingness to try out new
designs.
Methods :
1. Categorical plan
2. Weighted point plan
Categorical plan:
- This is a subjective method.
- Managers of concerned department
prepare a list of factor important from
their point of view/use.
- Each of the major supplier is
evaluated against each evaluator’s list of
factors.
Contd …
Evaluation is done in terms of :
Good / Superb
Satisfactory / Favourable
Poor / Unfavorable
Weighted point plan:
The buyer decides on
A. Factors important for the evaluation
B. Weightages for each of the factor
C. The vendors performance in respect of
each factor.
Contd ..
No. of timely
deliveries
Index of delivery service =
-----------------------------------
Total no of order
placed
----------------------------------------------
100
Average price
Index of Price = ------------------------------
EXAMPLE:
S o n e p a t S u p p lie rs is 1 o f th e ve n d o rs.