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Essay / Research Paper Abstract
This 8 page paper reviews and summarizes 4 articles on stock control and purchase control which look at ways of creating efficiencies. The articles are entitled; ‘Demand management tools help control buying costs’, ‘Does ERP fit in a lean world’, ‘Purchasing in a supply chain environment’ and ‘What the customer wants: Making at the Pull of the customer’. The bibliography cites 4 sources.
Page Count:
8 pages (~225 words per page)
File: TS14_TEinvpurcase.rtf
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Unformatted sample text from the term paper:
management is increasingly important in many businesses. It is known that there is always a downward pressure on costs. Items for office stationary may often be seen as support items
rather than giving a direct value to the production process or supply chain. This makes the area one that is very attractive for cost cutting. There are several ways that
the costs can be cut; these are all within the article; showing how to cut costs without impacting or cutting the functionality and services of the company that is buying
the goods. However, there is the emphasis that before costs can be cut and there is const control there first needs to be spending control. To explain this there
needs to be consideration of what goods are actually needed. The goods that are bought are the first way that controls may be seen. The example of files is used
with business being able to ask if they really need to use more files or if a stapler pr a tape dispensers. These are the use of alternative substitute supplies
that are more cost effective. The same may be seen for many other products, looking to see if it is the needed or a cheaper alterative will do the same
job. This is the way of controlling spending, but to management costs and spending the company need to have data on which
they can base any measures they put into place. Some companies may use a single supplier, but the data they need is not only regarding the supplies that are ordered,
but can also concern the was that they are ordered, The example, given is that goods may be ordered ion the internet, the cost to the firm of placing the
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