PURCHASING NOW AND FOREVER

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Presentation transcript:

PURCHASING NOW AND FOREVER Lingva Business English Projects By ALEKSANDAR BELJIĆ

M & W Company background Formed in 2010 by Marko Marković Lingva Business English Projects Formed in 2010 by Marko Marković Sweets production Export : Europe

Company principles Quality Service Price Employees Lingva Business English Projects Quality Service Price Employees

Purchasing vs. financial success Lingva Business English Projects Orders and prices Costs Payments Stock

Purchasing department Lingva Business English Projects 11 purchasing officers and one chief officer Conducting negotiations Evaluating prices of the raw material Keep stock at a resonable level

Requirements for suppliers Lingva Business English Projects Deliver good-quality material on time Deliver quantity that was ordered Replace poor-quality material in the short term

Negotiating with suppliers Lingva Business English Projects Company presentation, success and future plan Yearly quantity needs Price and qty negotiation

Supplier selection process Lingva Business English Projects Chose the best offer with the best price, payment and delivery terms Professional communication

To outsource or to insource Lingva Business English Projects Outsourcing: small production in Grece Insourcing: new facility in Serbia for new assembly line

Future trends in purchasing Lingva Business English Projects Potential new LCC suppliers in China and Turkey Innovations and improvements Introducing lean production

Photo credits Lingva Business English Projects Quote web addresses of illustrations used in your presentation. Useful link to find free photos: https://www.flickr.com/search/?advanced=1&license=4%2C5%2C6%2C9%2C 10