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Chapter 3: Procurement Process
Teaching Objectives
The teaching objectives of this chapter are to: * Describe the steps in the procurement process. * Explain the role of different functional areas in efficiently and effectively completing the procurement process * Identify the key steps in the procurement process and the data, document, and information flows associated with the process. * Explain the financial impact of the steps in the procurement process * Explain the role of enterprise systems in supporting the procurement process
Chapter Outline and Teaching Suggestions 1. Key Concepts and Assumptions a. Procurement - Requisition to pay b. Business to consumer c. Business to business

Explain what procurement means and differentiate between B2B and B2C procurement.

2. A Basic Procurement Process d. The framework i. Physical flow ii. Data and document flow iii. Information flow
Review the framework introduced in chapter 1 e. Physical Flow iv. Create requisition v. Create and send purchase order vi. Receive shipment vii. Receive invoice viii. Send payment
Explain each step in terms of purpose. Discuss how communication between process steps is accomplished.

3. Document and Data Flow f. Purchase Requisition g. Purchase Order h. Packing List i. Goods Receipt Document j. Goods Receipt Document
For each document, explain its role in the process and the key data in the document.
For the data in the documents, explain the purpose of the data and how it is used in the various process steps and how the data may change during the process.
Discuss alternative values for the data such as delivery location and payment terms.
Discuss the role of the different functions/persons

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