3rd Party Governance
3rd Party Operation
Production and Warehousing Governance
Production and Warehousing Processes
100
Pertains to the management of relationships with the vendor
What is governance?
100
Pertains to the management of the third party sites including alignment and ensuring adherence to policies and procedures, fixed assets management, inventory management, project management, physical and system security and business continuity planning.
What is 3rd party Operation?
100
1 business day
What is the definition of "TIMELY" system receiving of FP or materials?
100
This is inventory traveling between two P&G sites or contract manufacturers that has not reached its destination site
What is in-transit inventory?
200
These are accurately recorded in the right periods
Goods and services received
200
These should be appropriately managed and should exclusively produced P&G products
What is P&G fixed assets?
200
95% or better IRA
What is target Inventory Records Accuracy?
200
Receiving, Storage, Transferring
What are the 3 parts of Warehouse end-to-end process?
300
invoice amount calculation according to contract, accuracy in payment, credits.
What is disbursement?
300
All operations in CM should be aligned to this
What is SLEA
300
Plant Manager and Plant Finance Manager approve scrapping under $0.5MM
What is scrapping approval limit?
300
30 days over expected "delivery time" should be followed-up with the Vendor
When do we follow up Purchase Orders?
400
Sales of P&G Inventory should comply with this policy
What is SAFE?
400
An ownership of P&G where variances, NPI and scrap tolerance should be followed up and manages
What is P&G owned inventory?
400
Inventory Adjustments not properly performed, tracked and reported (documentation, right approvals, root cause analysis, etc.)
What is an example of Storage Controls Issue?
400
1. The moving of raw material into the production line 2. The moving of completed units from production into the finished good inventory.
What are the 2 samples of inventory movements?
500
The third party adherence to agreed expectations, disbursement and access to P&G systems
What are the 3rd party or CM governance focus areas?
500
These are P&G owned inventory, P&G fixed assets and BCP
What are the 3rd party/CM operations focus areas
500
The quality and quantity is verified while on the truck and during unloading. Adequately trained personnel are the ones doing the quality and quantity checks
What is an example of good Receiving practice?
500
Beginning on Hand Inventory + Receipts - Used/Shipped = Ending On-Hand Inventory
How do we calculate Ending On Hand Inventory?
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