Chapter 3 Purchasing and e-Procurement 3.1 The Role of Purchasing 3.1.1 Introduction to purchasing The role of purchasing is to obtain raw material‚ components‚ parts‚ as well as information that are needed for the production of goods or providing services. The purchasing process includes many aspects‚ such as request for quotation (RFQ)‚ supplier market analysis‚ supplier selection‚ contract negotiations‚ and purchase plan implementation. The purchase function plays a liaison role between various
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Accounting Information Systems Test Bank 10th Edition Chapter 1 (new version) MULTIPLE CHOICE 1. A set of two or more interrelated components that interact to achieve a goal is: a) A system b) An accounting information system c) Data d) Mandatory information 2. This results when a subsystem achieves its goals while contributing to the organization’s overall goal. a) Goal conflict b) Goal congruence c) Value of information d) Systems congruence 3. Goal conflict may result when a) A decision
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EDI Electronic Data Interchanges Electronic Data Interchanges technology is a complicated mixture of three disciplines: business‚ data processing and data communication. Integrated with logistics practices EDI can be defined as the electronic exchange of business data‚ such as purchase orders‚ invoices‚ and shipping notices‚ typically between one organization and another. The relationship is usually between a vendor and customer. EDI began in the 1970s and was first developed by the automobile
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c M t y - B a s e d Costing (ABC)‚ Just-in-Time (JIT)‚ T otal Quality M anagement (TQM)‚ a nd Quality Costs b I . .ITY-BASED COSTING Many companies use a traditional cost system such as job-order costing or process costing‚ or some hybrid of t he two. Using the traditional methods of assigning overhead costs to products using a single predetermined overhead rate based on any single activity measure can produce distorted product costs. The growth in the automation of manufacturing
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Operation Management criteria The task of production and operations management is to manage the efforts and activities of people‚ capital‚ and equipment resources in changing raw materials into finished goods and services. Operations management is an area of business that is concerned with the production of goods and services‚ and involves the responsibility of ensuring that business operations are efficient and effective. It is the management of resources‚ the distribution of goods and services
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Supply Chain Management system of ‘Aarong’ 1. Introduction: In today’s competitive world of Business competitive advantage can be gain by proper information system and developing that information system. Aarong information system is a sign of the modern business organization of Bangladesh. Supply chain management is the streamlining of a business ’ supply-side activities to maximize customer value and to gain a competitive advantage in the marketplace. Supply chain management (SCM) represents an
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efficiency and eliminate waste • Beginnings of TPS were born out of necessity due to lack of resources in post-war Japan. Toyota Production System Key Main Concepts • SMED – Single Minute Exchange of Dies – Promoted flexibility of production runs • JIT – Just In Time
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Global Environment Total Quality Management Forecasting Design of Goods and Services Process Strategy and Capacity Planning Location Strategies Human Resources‚ Job Design and Organisational Effectiveness Supply Chain Management Inventory Management and JIT Systems Aggregate Scheduling Materials Resources Planning (MRPII) Project Management Bibliography Title of Section Page 3-6 7 - 24 25 - 36 37 - 54 55 - 72 73 - 84 85 - 102 103 - 116 117 - 138 139 - 150 151 - 166 167 - 176 177 - 192 193 - 206 207 - 208
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INSTRUCTOR’S RESOURCE MANUAL to accompany Operations and Supply Management – The Core Second Edition Prepared by F. Robert Jacobs ACKNOWLEDGEMENTS I am indebted to all of my colleagues who have contributed to this manual. Very few of the ideas contained in here are totally original. Thanks much to all of you for spending so much time discussing how you do things in class and allowing me to share your ideas in this manual. F. Robert Jacobs i TABLE OF CONTENTS Introduction Videos
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WEEK 11-OPERATIONS AND SUPPLY CHAIN MANAGEMENT: Operations Management is one of the essential business functions and is therefore vital to any organizational system that delivers products and services ‚ for example a bank‚ airline‚ or computer manufacturer. At the very core‚ operations management is all about‚ designing‚ creating‚ controlling and improving the many operational processes within a company (in such system environments). Operations management deals with a transformation of inputs
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