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PURCHASING NOW AND FOREVER

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Presentation on theme: "PURCHASING NOW AND FOREVER"— Presentation transcript:

1 PURCHASING NOW AND FOREVER
Lingva Business English Projects By ALEKSANDAR BELJIĆ

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

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

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

5 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

6 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

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

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

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

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

11 Photo credits Lingva Business English Projects Quote web addresses of illustrations used in your presentation. Useful link to find free photos: 10


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