1
NAME THE 5Ws AND H OF PURCHASING
WHAT?
WHY?
WHO?
WHERE?
WHEN?
HOW?
THE FIRST STEP IN THE PURCHASING PROCESS
LAST STEP IN THE PROCESS
MAINTAIN RECORDS
WHAT DOES HACCP STAND FOR?
HAZARD ANALYSIS CRITICAL CONTROL POINT
WHAT IS JUST IN TIME (JIT)
ITS A MANAGEMENT SYSTEM THAT IS LINKED WITH INVENTORY THAT GENERATES A PURCHASE ORDER WHEN ITEMS ARE USED UP.
WHAT IS THE NAME GIVEN TO ITEMS THAT GO STRAIGHT INTO PRODUCTION
DIRECTS
LIST 3 MUST HAVE TRAITS OF A PURCHASING PERSONNEL
HAS THE ABILITY TO NEGOTIATE
HAS GOOD COMMUNICATION, INTERPERSONAL AND TECHNOLOGICAL SKILLS
HAS GOOD CHARACTERISTIC TRAITS
KNOW HIS OR HER JOB WELL
IS TRAINED IN THE MECHANICS AND PROCEDURES OF EFFECTIVE BUYING
LIST 3 METHODS OF PURCHASING
COST PLUS, BLANK CHEQUES, INTERNET BUYING, CONTRACT BUYING
EXPLAIN BLANK CHEQUES PURCHASING
A BLANK CHEQUE IS SIGNED BY THE AUTHORIZED PERSON AND SENT TO THE SUPPLIER WHO THEN FILLS IN THE COST OF THE PRODUCTS
WHAT ARE SOME FACTORS YOU SHOULD CONSIDER WHEN PURCHASING
OUTSOURCING,
CHARACTER OF THE PURVEYOR: RELIABILITY, HONESTY,IMAGE,DELIVERY SCHEDULE.
HACCP CERTIFIED
WHAT IS A STANDING OR AND A SEALED BID AND GIVE ONE EXAMPLE EACH
A SPECIFIC QUANTITY AND QUALITY OF AN ITEM IS TO BE DELIVERED AT SPECIFIC TIMES OVER AN INDEFINITE PERIOD OF TIME UNTIL THE ORDER IS EITHER STOPPED OR CHANGED
SEALED BIDS??? MISS???
WHAT ARE 4 UNETHICAL PURCHASING PRACTICES?
COLLUSION, KICKBACK, OVERLAPPING, EMBEZZLEMENT
LIST ALL THE STEPS IN THE PURCHASING CYCLE
RECOGNITION OF NEED, SPECIFY NEED, DETERMINE SOURCING OPTIONS, ESTABLISHING PRICE AND TERMS, PREPARE PURCHASE ORDER, DELIVER PURCHASE ORDER, EXPEDITING, RECEIVE & INSPECT, APPROVAL & PAYMENT, MAINTAIN RECORD
WHAT IS A BIN CARD
A bin card is a common element in a perpetual inventory system. IT show how many units of a particular product is in stock.
BUY THE RIGHT _____, AT THE RIGHT____, AT THE RIGHT___AT THE RIGHT TIME AND FROM THE RIGHT _____.
THE HIGHEST PRICE MAY _____________________
QUANTITY, QUALITY, PRICE, SOURCE
NOT BE THE BEST QUALITY !!!!!!