1.what is the process of purchasing materials in
manufacturing company ?
2.What is the difference b/w invoice and Purchase order?
3.How to select,to purchase the best product/material in
manufacturing industry?
- 2 Answers
- 11976 Views
- Hills Cement, I also Faced
- E-Mail Answers
Answer Posted / randy
1. Simply put, using the ABC Class coding for item being
manufactured and/or assembled. Your question is very broad
and hard to answer since you are asking a question that
involves to many departments. But generally speaking, when
it comes to cost, ship dates, quantities ordered, the ABC
rule is best.
2. A "Purchase Order" is a legal and binding contract
between a Manufacturer and Supplier that stipulates the item
ordered, quantity of item, ship dates, and cost of item that
the Supplier agrees to supply the Manufacturer.
A "Invoice" is what the Supplier sends to the Manufacturer
after or with the items that are described in a Purchase
Order. The Invoice contains the item description, quantity
shipped, and cost of said item and is to be paid by the
Manufacturer according to the terms agreed upon either ahead
of time or as described in the Purchase Order or as noted on
the Invoice. Generally, the terms are Net 30 days.
3. All items to be purchased have a blueprint or a listing
of what this item is made of and/or a Manufacturer part
number. If it is to be a manufactured part made from a
blueprint, the purchasing agent has the responsibility to
send out for quote (3 vendor min.) and receive from the
Vendor, a list of prices based on quantity ordered. The best
product and material come from reputable and established
companies that deal with this type of product. Larger
companies have better price since they deal with larger
volumes of raw material and better machining equipment and
more experienced personnel.
| Is This Answer Correct ? | 5 Yes | 3 No |
Post New Answer View All Answers
What is RPS price?
The lean supply chain process at toyota Motor Corporation follows the practice of having only two to four supplier partner per component .what is the effect of this on Toyota Motor Corporation ?
What is a tnc? Why do firms become transnational?
why you want to do MBA in Indusrial management?
In a traditional automotive plant emphasis is on reducing cost by producing more. give points to show that this leads to behaviours that discourage stopping the line to fix problem.
What is the terminals definition and function....?
Can any body explain about man and machine calculation? especially in pharma sector.
distinguish between fdi And fpi
How much Sales Tax on 20 Ltr. R.O. Water Can/Camper Sale
why u have not worked anywhere for 3 years
what is land scape why we are using this ?
Why are you changing so frequently?
What are the different sectors of the clothing industry?
Describe the frameworks for resolving ethical dilemmas?
what is quterly accounts ?
